Apollon Financial LLC Takes Position in Arista Networks, Inc. $ANET

Apollon Financial LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,309 shares of the technology company’s stock, valued at approximately $339,000.

A number of other hedge funds also recently made changes to their positions in the business. Apollon Wealth Management LLC lifted its position in shares of Arista Networks by 1.8% in the second quarter. Apollon Wealth Management LLC now owns 44,663 shares of the technology company’s stock valued at $4,569,000 after buying an additional 789 shares during the last quarter. Hemington Wealth Management lifted its position in shares of Arista Networks by 28.2% in the second quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock valued at $46,000 after buying an additional 101 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted 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 valued at $4,945,000 after buying an additional 1,928 shares during the last quarter. Eastern Bank lifted 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 valued at $25,578,000 after buying an additional 101,190 shares during the last quarter. Finally, Aberdeen Group plc lifted its position in shares of Arista Networks by 4.7% in the second quarter. Aberdeen Group plc now owns 990,892 shares of the technology company’s stock valued at $101,378,000 after buying an additional 44,117 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is owned by company insiders.

Arista Networks Price Performance

Arista Networks stock opened at $154.51 on Friday. The stock’s fifty day moving average price is $140.85 and its two-hundred day moving average price is $108.89. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The firm has a market cap of $194.19 billion, a PE ratio of 60.77, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company earned $0.53 EPS. The company’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ANET. UBS Group raised their price objective on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Citigroup lifted their price target on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wells Fargo & Company lifted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Arista Networks in a report on Saturday, September 27th. Finally, William Blair reissued an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.94.

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.