Arista Networks, Inc. $ANET Holdings Raised by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. grew its position in Arista Networks, Inc. (NYSE:ANET) by 907.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,058 shares of the technology company’s stock after acquiring an additional 953 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Arista Networks were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC boosted its position in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in Arista Networks during the 1st quarter worth $30,000. Saudi Central Bank bought a new stake in shares of Arista Networks in the 1st quarter worth $33,000. Tradewinds Capital Management LLC raised its stake in shares of Arista Networks by 45.8% in 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 stake in shares of Arista Networks by 51.3% in 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. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 6,670,904 shares of company stock valued at $892,841,241. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Trading Down 3.2%

Shares of ANET stock opened at $144.55 on Friday. The stock has a 50 day moving average of $136.91 and a two-hundred day moving average of $105.93. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The company has a market capitalization of $181.68 billion, a P/E ratio of 56.85, a P/E/G ratio of 3.11 and a beta of 1.47.

Arista Networks (NYSE:ANET) last announced 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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company earned $0.53 EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent analyst reports. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research report on Thursday, September 25th. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Evercore ISI boosted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, Wolfe Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.