Arista Networks, Inc. $ANET Shares Bought by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,243 shares of the technology company’s stock after purchasing an additional 217 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Arista Networks were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ANET. HighMark Wealth Management LLC increased its position in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks during the first quarter valued at $30,000. Saudi Central Bank bought a new position in shares of Arista Networks during the first quarter worth about $33,000. REAP Financial Group LLC increased its holdings in shares of Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares during the period. Finally, Tradewinds Capital Management LLC increased its holdings 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 acquiring an additional 143 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $143.10 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The firm has a market cap of $179.86 billion, a P/E ratio of 56.28, a PEG ratio of 2.98 and a beta of 1.47. The stock has a fifty day moving average price of $142.11 and a two-hundred day moving average price of $111.15.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 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.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. Finally, KeyCorp increased their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and an average target price of $163.94.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 6,622,904 shares of company stock worth $887,794,521. Company insiders own 3.39% of the company’s stock.

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.