Pinnacle Wealth Management LLC Purchases 7,146 Shares of Arista Networks, Inc. $ANET

Pinnacle Wealth Management LLC lifted its position in Arista Networks, Inc. (NYSE:ANET) by 29.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,187 shares of the technology company’s stock after acquiring an additional 7,146 shares during the period. Arista Networks makes up approximately 2.7% of Pinnacle Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Pinnacle Wealth Management LLC’s holdings in Arista Networks were worth $3,191,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HighMark Wealth Management LLC raised its position in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $33,000. REAP Financial Group LLC raised its position in shares of Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the period. Finally, Tradewinds Capital Management LLC raised its position in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after acquiring an additional 143 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 1,785,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 6,622,904 shares of company stock worth $887,794,521. 3.39% of the stock is owned by company insiders.

Arista Networks Stock Down 2.0%

Shares of ANET opened at $143.10 on Friday. The stock has a market capitalization of $179.86 billion, a P/E ratio of 56.28, a P/E/G ratio of 2.98 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The company has a 50 day moving average of $142.11 and a 200-day moving average of $111.15.

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

Analyst Ratings Changes

Several brokerages have commented on ANET. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a report on Thursday, September 25th. Needham & Company LLC raised their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Piper Sandler raised their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. UBS Group raised 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. Finally, JPMorgan Chase & Co. raised their target price 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 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.com, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price 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.