Ullmann Wealth Partners Group LLC Makes New Investment in Arista Networks, Inc. $ANET

Key Points

• Ullmann Wealth Partners Group LLC acquired 2,052 shares of Arista Networks, Inc. (NYSE: ANET) valued at approximately $210,000 in Q2, highlighting a trend of growing institutional investment in the company.
• Arista Networks reported a 30.4% year-over-year increase in revenue with $2.20 billion for the quarter, exceeding analysts’ expectations for both revenue and earnings per share.
• Analysts show a mixed outlook with 16 Buy ratings and 5 Hold ratings for Arista Networks, with target prices ranging from $106 to $179, indicating confidence in its growth potential despite recent downgrades.

Ullmann Wealth Partners Group LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,052 shares of the technology company's stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Baugh & Associates LLC bought a new position in Arista Networks during the second quarter worth about $1,906,000. Kaufman Rossin Wealth LLC boosted its position in Arista Networks by 6.8% during the second quarter. Kaufman Rossin Wealth LLC now owns 8,271 shares of the technology company's stock worth $846,000 after purchasing an additional 523 shares during the period. Farther Finance Advisors LLC boosted its position in Arista Networks by 43.9% during the second quarter. Farther Finance Advisors LLC now owns 18,289 shares of the technology company's stock worth $1,871,000 after purchasing an additional 5,581 shares during the period. Wedge Capital Management L L P NC bought a new position in Arista Networks during the second quarter worth about $212,000. Finally, Silver Oak Securities Incorporated boosted its position in shares of Arista Networks by 31.0% in the second quarter. Silver Oak Securities Incorporated now owns 25,440 shares of the technology company's stock valued at $2,603,000 after acquiring an additional 6,016 shares during the period. Institutional investors own 82.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANET shares. BNP Paribas lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. William Blair restated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price objective for the company. in a research report on Wednesday, June 11th. JPMorgan Chase & Co. raised their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Finally, Barclays raised their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Arista Networks has an average rating of "Moderate Buy" and an average target price of $157.88.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 7,582,614 shares of company stock valued at $983,487,717 over the last quarter. 3.39% of the stock is owned by insiders.

Arista Networks Stock Up 1.9%

Shares of NYSE ANET opened at $149.51 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The firm's fifty day moving average is $130.85 and its 200 day moving average is $102.17. The company has a market cap of $187.91 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 3.12 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last issued 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 net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

About Arista Networks

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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