Synergy Asset Management LLC Purchases 767 Shares of Arista Networks, Inc. $ANET

Synergy Asset Management LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 18.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,910 shares of the technology company’s stock after buying an additional 767 shares during the quarter. Synergy Asset Management LLC’s holdings in Arista Networks were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ANET. HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new stake in Arista Networks in the first quarter worth about $30,000. Saudi Central Bank bought a new stake in Arista Networks in the first quarter worth about $33,000. Tradewinds Capital Management LLC raised its stake in shares of Arista Networks by 45.8% during the first 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 in the last quarter. Finally, Costello Asset Management INC raised 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 in the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Piper Sandler lifted their price target 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. Morgan Stanley upped their price target on shares of Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company upped 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. Finally, Citigroup raised their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Price Performance

Shares of NYSE ANET opened at $144.55 on Friday. The firm’s 50-day moving average is $136.91 and its two-hundred day moving average is $105.93. The company has a market capitalization of $181.68 billion, a PE ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32.

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 the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. Arista Networks’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,670,904 shares of company stock valued at $892,841,241. Company insiders own 3.39% 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.