Three Bridge Wealth Advisors LLC Makes New $224,000 Investment in Arista Networks, Inc. $ANET

Key Points

• Three Bridge Wealth Advisors LLC made a new investment in Arista Networks, acquiring 2,192 shares worth approximately $224,000.
• Analysts' sentiment on Arista Networks is positive, with multiple institutions raising price targets; JPMorgan lifted theirs from $150.00 to $175.00 and Barclays from $151.00 to $179.00.
• Insider trading activity shows CEO Jayshree Ullal sold over 1.7 million shares valued at $243 million, resulting in a significant decrease in her ownership stake.

Three Bridge Wealth Advisors LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,192 shares of the technology company's stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC lifted its holdings in shares of Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock valued at $618,000 after purchasing an additional 95 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company's stock valued at $444,000 after purchasing an additional 98 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock valued at $461,000 after purchasing an additional 100 shares in the last quarter. XML Financial LLC lifted its holdings in shares of Arista Networks by 0.6% in the second quarter. XML Financial LLC now owns 16,185 shares of the technology company's stock valued at $1,656,000 after purchasing an additional 100 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of Arista Networks by 1.4% in the second quarter. CX Institutional now owns 7,703 shares of the technology company's stock valued at $788,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on ANET shares. JPMorgan Chase & Co. lifted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. William Blair reiterated an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. BNP Paribas upgraded Arista Networks from a "hold" rating to an "outperform" rating in a report on Thursday, September 25th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays lifted their price target on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 6,678,904 shares of company stock valued at $894,021,161. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Stock Up 0.7%

Arista Networks stock opened at $145.51 on Monday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The business has a 50-day simple moving average of $137.53 and a 200 day simple moving average of $106.67. The stock has a market cap of $182.88 billion, a price-to-earnings ratio of 57.23, a PEG ratio of 3.03 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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