Canvas Wealth Advisors LLC Makes New $228,000 Investment in Arista Networks, Inc. $ANET

Canvas Wealth Advisors LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, Holdings Channel reports. The fund acquired 2,233 shares of the technology company’s stock, valued at approximately $228,000.

Several other large investors also recently bought and sold shares of ANET. HighMark Wealth Management LLC raised its holdings in shares of 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 last quarter. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $30,000. Saudi Central Bank purchased a new position in Arista Networks in the 1st quarter worth $33,000. REAP Financial Group LLC raised its stake in 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 last quarter. Finally, Tradewinds Capital Management LLC lifted its position in Arista Networks by 45.8% during 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. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ANET. KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Barclays upped their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a report on Thursday, September 25th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.94.

Arista Networks Price Performance

Shares of NYSE ANET opened at $146.40 on Tuesday. The stock has a market capitalization of $184.01 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 2.98 and a beta of 1.47. The firm’s 50 day simple moving average is $142.29 and its 200-day simple moving average is $112.00. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the completion of the transaction, the director owned 41,784 shares in the company, valued at $6,162,722.16. The trade was a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,622,904 shares of company stock worth $887,794,521 in the last ninety days. Company insiders own 3.54% of the company’s stock.

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.