Trilogy Capital Inc. Buys 8,712 Shares of Arista Networks, Inc. $ANET

Key Points

• Trilogy Capital Inc. increased its holdings in Arista Networks by 34.0% in Q2, acquiring an additional 8,712 shares, bringing their total ownership to 34,337 shares valued at approximately $3.5 million.
• Arista Networks reported a 40.9% net margin and $2.20 billion in revenue for the last quarter, exceeding analysts' expectations for earnings per share and overall revenue.
• Insider trading activity saw CEO Jayshree Ullal sell over 1.7 million shares, representing a 23.86% decrease in her ownership in the company.

Trilogy Capital Inc. lifted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 34.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,337 shares of the technology company's stock after purchasing an additional 8,712 shares during the quarter. Trilogy Capital Inc.'s holdings in Arista Networks were worth $3,513,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks during the first quarter valued at $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the first quarter worth about $33,000. Tradewinds Capital Management LLC lifted its stake in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares during the period. Finally, Costello Asset Management INC raised its holdings in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Trading Up 1.6%

Shares of NYSE:ANET opened at $145.73 on Wednesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The company's 50 day moving average is $135.58 and its 200 day moving average is $105.22. The company has a market cap of $183.16 billion, a PE ratio of 57.32, a price-to-earnings-growth ratio of 2.99 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANET shares. KeyCorp boosted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group boosted their target price on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Piper Sandler upped their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, Evercore ISI upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 6,670,904 shares of company stock worth $892,841,241. Company insiders own 3.54% of the company's stock.

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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