Oppenheimer Asset Management Inc. Buys 11,744 Shares of Arista Networks, Inc. $ANET

Oppenheimer Asset Management Inc. lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,658 shares of the technology company’s stock after acquiring an additional 11,744 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Arista Networks were worth $15,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC grew its stake in shares of Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after acquiring an additional 95 shares during the period. 1900 Wealth Management LLC grew its stake in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after acquiring an additional 98 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after acquiring an additional 100 shares during the period. XML Financial LLC grew its stake in shares of Arista Networks by 0.6% in the second quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after acquiring an additional 100 shares during the period. Finally, Hemington Wealth Management grew its position in Arista Networks by 28.2% during 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 period. 82.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ANET has been the subject of a number of research reports. Citigroup upped their target price on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. KeyCorp lifted their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Evercore ISI upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased 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. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $163.94.

Arista Networks Stock Up 1.0%

NYSE:ANET opened at $154.32 on Monday. The business’s 50-day simple moving average is $143.22 and its two-hundred day simple moving average is $114.22. The stock has a market cap of $193.96 billion, a PE ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68.

Arista Networks (NYSE:ANET) last posted 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. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s 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 in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,090,040 shares of company stock valued at $827,757,115 over the last ninety days. 3.54% of the stock is currently owned by company insiders.

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.