Wealthedge Investment Advisors LLC Invests $410,000 in Arista Networks, Inc. $ANET

Wealthedge Investment Advisors LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,011 shares of the technology company’s stock, valued at approximately $410,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Arista Networks by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after buying an additional 1,136,167 shares during the last quarter. Geode Capital Management LLC raised its holdings in Arista Networks by 0.5% during the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock worth $2,606,694,000 after acquiring an additional 128,977 shares in the last quarter. Alliancebernstein L.P. boosted its position in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the last quarter. Nuveen LLC bought a new position in Arista Networks in the first quarter valued at approximately $933,626,000. Finally, Norges Bank acquired a new position in shares of Arista Networks during the 2nd quarter worth approximately $1,228,177,000. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Monday, November 17th. The stock was sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,668,843.36. This trade represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the completion of the transaction, the director owned 33,784 shares in the company, valued at $5,308,142.08. This trade represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,009,464 shares of company stock valued at $293,774,712. 3.39% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

Shares of ANET stock opened at $131.25 on Monday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94. The company has a market capitalization of $165.28 billion, a price-to-earnings ratio of 51.62, a PEG ratio of 3.37 and a beta of 1.48. The company has a 50-day simple moving average of $142.06 and a 200 day simple moving average of $124.43.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted $2.40 earnings per share. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Barclays reissued an “overweight” rating and issued a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research report on Wednesday, November 5th. KeyCorp boosted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $140.00 target price on shares of Arista Networks in a research note on Monday, November 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $145.00 price target (up previously from $143.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

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.