Robinson Smith Wealth Advisors LLC Invests $211,000 in Arista Networks, Inc. $ANET

Robinson Smith Wealth Advisors LLC acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,059 shares of the technology company’s stock, valued at approximately $211,000.

A number of other large investors have also made changes to their positions in ANET. Saudi Central Bank acquired a new stake in shares of Arista Networks during the first quarter valued at $33,000. REAP Financial Group LLC boosted its stake in shares of Arista Networks by 108.0% during the second 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 last quarter. Costello Asset Management INC boosted its stake in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after acquiring an additional 154 shares during the last quarter. eCIO Inc. acquired a new stake in shares of Arista Networks during the first quarter valued at $36,000. Finally, Solstein Capital LLC boosted its stake in shares of Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after acquiring an additional 316 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Down 2.7%

Shares of NYSE ANET opened at $153.41 on Wednesday. The firm has a fifty day moving average of $146.59 and a 200-day moving average of $118.69. The stock has a market capitalization of $192.81 billion, a PE ratio of 60.34, a P/E/G ratio of 3.37 and a beta of 1.47. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS 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 return on equity of 31.05% and a net margin of 40.90%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the business posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. Equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ANET. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Citigroup lifted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $163.94.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the transaction, the senior vice president owned 12,976 shares in the company, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,539,875 shares of company stock worth $368,457,081 in the last three months. 3.39% of the stock is currently owned by company insiders.

About Arista Networks

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.