Wealth Management Associates Inc. Invests $325,000 in Arista Networks, Inc. $ANET

Key Points

• Wealth Management Associates Inc. acquired 4,200 shares of Arista Networks, valued at approximately $325,000, as reported in a recent SEC filing.
• CEO Jayshree Ullal sold over 1.7 million shares of the stock for over $243 million, leading to a significant reduction in her ownership by nearly 24%.
• Analysts' ratings on Arista Networks reflect a positive outlook, with 14 analysts rating it as a Buy and an average target price of $138.79.

Wealth Management Associates Inc. purchased a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,200 shares of the technology company's stock, valued at approximately $325,000.

Other institutional investors have also bought and sold shares of the company. HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks in the 1st quarter worth $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the 1st quarter worth $33,000. McIlrath & Eck LLC purchased a new stake in Arista Networks in the 4th quarter worth $35,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Trading Down 8.9%

Shares of NYSE:ANET traded down $13.69 during trading on Friday, reaching $139.35. The company's stock had a trading volume of 17,882,765 shares, compared to its average volume of 7,918,403. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The firm's 50 day simple moving average is $126.85 and its two-hundred day simple moving average is $100.21. The stock has a market capitalization of $175.14 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm'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. Research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction 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 $1,771,353.76. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,582,614 shares of company stock valued at $980,712,097 in the last ninety days. 3.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

ANET has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday. Redburn Atlantic initiated coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective for the company. Wolfe Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.56.

Arista Networks 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.