NewSquare Capital LLC Has $69,000 Position in Arista Networks, Inc. $ANET

NewSquare Capital LLC grew its position in Arista Networks, Inc. (NYSE:ANET) by 117.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 670 shares of the technology company’s stock after purchasing an additional 362 shares during the quarter. NewSquare Capital LLC’s holdings in Arista Networks were worth $69,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after buying an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares during the period. Nuveen LLC acquired a new stake in Arista Networks during the first quarter worth approximately $933,626,000. Northern Trust Corp grew its stake in Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after purchasing an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after buying an additional 2,594,184 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the company’s 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 transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This represents a 18.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,202,019 shares of company stock worth $321,318,411 over the last three months. 3.39% of the stock is currently owned by insiders.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $140.47 on Thursday. The company’s 50-day moving average is $146.74 and its 200 day moving average is $118.84. The company has a market capitalization of $176.55 billion, a P/E ratio of 55.25, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 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 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANET. Citigroup lifted their target price on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. KeyCorp lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective 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 report on Thursday, September 25th. Finally, Wells Fargo & Company boosted 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. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

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.