waypoint wealth counsel Purchases 1,907 Shares of Arista Networks, Inc. $ANET

Key Points

• Waypoint Wealth Counsel increased its stake in Arista Networks by 56% during Q2, acquiring an additional 1,907 shares to reach a total of 5,314 shares valued at approximately $544,000.
• Several institutional investors adjusted their holdings in Arista Networks, with Eastern Bank notably increasing its position by 68%, now owning 250,002 shares valued at $25,578,000.
• Arista Networks received positive analyst ratings, with target prices raised by firms such as UBS and Wells Fargo, reflecting a consensus rating of "Moderate Buy" with an average target price of $163.94.

waypoint wealth counsel lifted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 56.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,314 shares of the technology company's stock after purchasing an additional 1,907 shares during the quarter. waypoint wealth counsel's holdings in Arista Networks were worth $544,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ANET. Apollon Financial LLC bought a new position in Arista Networks in the 2nd quarter worth about $339,000. Apollon Wealth Management LLC increased its stake in Arista Networks by 1.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 44,663 shares of the technology company's stock worth $4,569,000 after acquiring an additional 789 shares during the last quarter. Hemington Wealth Management increased its stake in Arista Networks by 28.2% in the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company's stock worth $46,000 after acquiring an additional 101 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Arista Networks by 4.2% in the second quarter. Fifth Third Wealth Advisors LLC now owns 48,329 shares of the technology company's stock worth $4,945,000 after purchasing an additional 1,928 shares during the last quarter. Finally, Eastern Bank increased its position in shares of Arista Networks by 68.0% in the second quarter. Eastern Bank now owns 250,002 shares of the technology company's stock worth $25,578,000 after purchasing an additional 101,190 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

ANET has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Wolfe Research increased their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Arista Networks in a research report on Saturday, September 27th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.94.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction that occurred 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 owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 6,678,904 shares of company stock valued at $894,021,161 in the last quarter. 3.39% of the stock is currently owned by company insiders.

Arista Networks Trading Down 2.4%

Shares of NYSE:ANET opened at $154.51 on Friday. The stock's 50-day moving average price is $140.85 and its 200-day moving average price is $108.89. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The stock has a market capitalization of $194.19 billion, a P/E ratio of 60.77, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (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 for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.53 EPS. Arista Networks's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Arista Networks, Inc. will post 2.2 EPS 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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