Wealthspire Advisors LLC Buys 878 Shares of Arista Networks, Inc. $ANET

Wealthspire Advisors LLC grew its stake in Arista Networks, Inc. (NYSE:ANET) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,518 shares of the technology company’s stock after acquiring an additional 878 shares during the period. Wealthspire Advisors LLC’s holdings in Arista Networks were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after buying an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Arista Networks in the first quarter valued at approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after acquiring an additional 316,309 shares during the period. Trilogy Capital Inc. raised its position in shares of Arista Networks by 13.7% during the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after acquiring an additional 3,079 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Arista Networks by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after purchasing an additional 1,136,167 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group increased their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Barclays reiterated an “overweight” rating and issued a $183.00 price target (up from $179.00) on shares of Arista Networks in a research report on Wednesday, November 5th. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a report on Thursday, September 25th. Wells Fargo & Company upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Citigroup lifted their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.31.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $1,852,324. This trade represents a 69.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks 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 completion of 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,009,040 shares of company stock worth $293,922,634. 3.39% of the stock is owned by insiders.

Arista Networks Stock Performance

NYSE:ANET opened at $119.69 on Friday. The stock has a 50-day simple moving average of $144.34 and a 200 day simple moving average of $122.54. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The company has a market cap of $150.73 billion, a PE ratio of 47.08, a PEG ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 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 27.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

About Arista Networks

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.