Caliber Wealth Management LLC KS Takes $375,000 Position in Arista Networks, Inc. $ANET

Caliber Wealth Management LLC KS acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,666 shares of the technology company’s stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANET. Nuveen LLC purchased a new stake in shares of Arista Networks in the first quarter valued at $933,626,000. AQR Capital Management LLC grew its position in Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after acquiring an additional 4,678,372 shares during the period. Nordea Investment Management AB grew its position in Arista Networks by 193.3% during the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after acquiring an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after acquiring an additional 2,594,184 shares in the last quarter. Finally, Amundi lifted its stake in shares of Arista Networks by 35.3% in the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after acquiring an additional 2,240,045 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their price objective on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Piper Sandler upped their target price on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a report 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,852,324. This trade represents a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,678,904 shares of company stock worth $895,788,521. Insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock opened at $146.50 on Thursday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The firm has a market capitalization of $184.13 billion, a price-to-earnings ratio of 57.62, a price-to-earnings-growth ratio of 3.04 and a beta of 1.47. The business has a 50 day simple moving average of $142.55 and a 200 day simple moving average of $112.47.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm 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 firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.