Arista Networks, Inc. $ANET Stock Position Increased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,038 shares of the technology company’s stock after purchasing an additional 95 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Arista Networks were worth $618,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. HighMark Wealth Management LLC raised 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 worth $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks during the 1st quarter worth about $30,000. Saudi Central Bank bought a new stake in shares of Arista Networks during the 1st quarter worth about $33,000. Tradewinds Capital Management LLC raised its position 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 worth $35,000 after buying an additional 143 shares in the last quarter. Finally, Costello Asset Management INC raised its position in shares of Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at $6,162,722.16. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,678,904 shares of company stock worth $894,021,161 over the last 90 days. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. boosted their target price 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. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Finally, Barclays boosted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Price Performance

NYSE ANET opened at $157.37 on Thursday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $158.51. The company’s 50 day simple moving average is $139.41 and its 200 day simple moving average is $107.74. The company has a market capitalization of $197.79 billion, a P/E ratio of 61.90, a PEG ratio of 3.03 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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.