Ashton Thomas Private Wealth LLC Has $2.75 Million Holdings in Arista Networks, Inc. $ANET

Ashton Thomas Private Wealth LLC lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 8.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 35,526 shares of the technology company’s stock after acquiring an additional 2,697 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Arista Networks were worth $2,753,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ANET. HighMark Wealth Management LLC lifted its stake in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC bought a new position in Arista Networks during the first quarter worth about $30,000. Saudi Central Bank bought a new position in Arista Networks during the first quarter worth about $33,000. McIlrath & Eck LLC bought a new position in Arista Networks during the fourth quarter worth about $35,000. Finally, Tradewinds Capital Management LLC lifted its stake in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after purchasing an additional 143 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

ANET has been the subject of a number of analyst reports. BNP Paribas cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 11th. The Goldman Sachs Group upped their target price on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $135.00 target price (up previously from $125.00) on shares of Arista Networks in a report on Wednesday, September 3rd. Finally, UBS Group upped their target price on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.79.

Arista Networks Stock Down 2.1%

Shares of NYSE:ANET opened at $139.91 on Tuesday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $145.46. The company’s 50-day moving average price is $123.24 and its two-hundred day moving average price is $98.78. The firm has a market cap of $175.84 billion, a P/E ratio of 55.03, a P/E/G ratio of 3.36 and a beta of 1.49.

Arista Networks (NYSE:ANET) last issued 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 net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 24,040 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $132.77, for a total transaction of $3,191,790.80. Following the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,316,680.09. This represents a 70.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the sale, the director directly owned 57,784 shares in the company, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,839,614 shares of company stock valued at $724,163,153 in the last 90 days. 3.54% of the stock is currently owned by insiders.

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.