Arista Networks, Inc. $ANET Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its position in Arista Networks, Inc. (NYSE:ANET) by 102.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,644 shares of the technology company’s stock after buying an additional 13,501 shares during the period. Prospera Financial Services Inc’s holdings in Arista Networks were worth $2,726,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new position in Arista Networks during the 4th quarter worth approximately $251,000. Allworth Financial LP increased its position in Arista Networks by 5.7% during the 1st quarter. Allworth Financial LP now owns 10,866 shares of the technology company’s stock worth $818,000 after purchasing an additional 585 shares during the period. Finally, Alps Advisors Inc. raised its stake in shares of Arista Networks by 7.3% during the 1st quarter. Alps Advisors Inc. now owns 4,225 shares of the technology company’s stock worth $327,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Up 2.1%

Shares of ANET stock opened at $137.44 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The stock has a market cap of $173.08 billion, a P/E ratio of 54.06, a P/E/G ratio of 3.37 and a beta of 1.48. The business has a fifty day simple moving average of $146.68 and a 200-day simple moving average of $120.55.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the firm earned $2.40 EPS. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the transaction, the director owned 33,784 shares of the company’s stock, valued at $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,009,040 shares of company stock worth $294,365,034 over the last ninety days. 3.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of analyst reports. Morgan Stanley set a $171.00 price target on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Barclays reiterated an “overweight” rating and issued a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

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.