WCG Wealth Advisors LLC Takes $862,000 Position in Arista Networks, Inc. $ANET

Key Points

• WCG Wealth Advisors LLC has acquired a new stake in Arista Networks, Inc., purchasing 11,120 shares valued at approximately $862,000 in the first quarter.
• In recent months, other institutional investors have significantly increased their positions in Arista, with approximately 82.47% of the stock now owned by such entities.
• Arista Networks reported strong Q2 earnings, with revenues of $2.20 billion and an EPS of $0.73, exceeding analyst estimates.

WCG Wealth Advisors LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 11,120 shares of the technology company's stock, valued at approximately $862,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP lifted its position in shares of Arista Networks by 381.5% during the 4th quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after acquiring an additional 206 shares during the period. Dunhill Financial LLC lifted its position in shares of Arista Networks by 415.7% during the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after acquiring an additional 212 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Arista Networks during the 4th quarter valued at approximately $35,000. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after acquiring an additional 230 shares during the period. Finally, West Paces Advisors Inc. lifted its position in shares of Arista Networks by 214.5% during the 4th quarter. West Paces Advisors Inc. now owns 368 shares of the technology company's stock valued at $41,000 after acquiring an additional 251 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In related news, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 192,979 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $139.67, for a total value of $26,953,376.93. Following the completion of the sale, the chief executive officer owned 5,623,721 shares of the company's stock, valued at approximately $785,465,112.07. This represents a 3.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,823,574 shares of company stock worth $721,676,802. Corporate insiders own 3.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ANET shares. Wedbush started coverage on Arista Networks in a research report on Wednesday, May 28th. They set an "outperform" rating for the company. Wolfe Research began coverage on Arista Networks in a report on Tuesday, July 8th. They issued an "outperform" rating for the company. BNP Paribas downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. Redburn Atlantic began coverage on Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target for the company. Finally, Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and a consensus target price of $138.07.

Arista Networks Stock Down 0.1%

Shares of NYSE ANET opened at $133.06 on Tuesday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $141.99. The firm has a fifty day moving average of $114.63 and a 200-day moving average of $96.78. The stock has a market capitalization of $167.24 billion, a PE ratio of 52.33, a P/E/G ratio of 3.13 and a beta of 1.37.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the company earned $0.53 EPS. The business's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

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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