Northeast Investment Management Has $423,000 Position in Arista Networks, Inc. $ANET

Northeast Investment Management cut its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 16.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,139 shares of the technology company’s stock after selling 799 shares during the quarter. Northeast Investment Management’s holdings in Arista Networks were worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Calamos Wealth Management LLC raised its position in shares of Arista Networks by 2.6% in the 2nd quarter. Calamos Wealth Management LLC now owns 16,831 shares of the technology company’s stock worth $1,722,000 after acquiring an additional 430 shares in the last quarter. Mezzasalma Advisors LLC increased its position in Arista Networks by 1.7% in the 2nd quarter. Mezzasalma Advisors LLC now owns 104,099 shares of the technology company’s stock valued at $10,650,000 after buying an additional 1,747 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Arista Networks by 35.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 16,685 shares of the technology company’s stock valued at $1,886,000 after buying an additional 4,322 shares in the last quarter. Sigma Investment Counselors Inc. increased its position in Arista Networks by 5.7% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 44,935 shares of the technology company’s stock valued at $4,597,000 after buying an additional 2,417 shares in the last quarter. Finally, Pinnacle Wealth Management LLC increased its position in Arista Networks by 29.7% in the 2nd quarter. Pinnacle Wealth Management LLC now owns 31,187 shares of the technology company’s stock valued at $3,191,000 after buying an additional 7,146 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was 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 approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 6,622,904 shares of company stock valued at $887,794,521 over the last 90 days. 3.54% of the stock is currently owned by insiders.

Arista Networks Stock Performance

ANET stock opened at $143.10 on Monday. The company has a market capitalization of $179.86 billion, a P/E ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. The business has a 50-day simple moving average of $142.11 and a two-hundred day simple moving average of $111.43. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $162.68.

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

Analysts Set New Price Targets

A number of brokerages recently commented on ANET. Barclays boosted their target price on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Needham & Company LLC boosted their target price on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Piper Sandler boosted their target price on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, Morgan Stanley set a $171.00 price target on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $163.94.

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.