Wedmont Private Capital Grows Position in Arista Networks, Inc. $ANET

Wedmont Private Capital increased its position in Arista Networks, Inc. (NYSE:ANET) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,655 shares of the technology company’s stock after purchasing an additional 620 shares during the quarter. Wedmont Private Capital’s holdings in Arista Networks were worth $2,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. Brighton Jones LLC increased its position in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks during the 4th quarter valued at approximately $202,000. Bank Pictet & Cie Europe AG increased its position in Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company’s stock valued at $1,200,000 after buying an additional 8,822 shares in the last quarter. Bison Wealth LLC bought a new position in Arista Networks during the 4th quarter valued at approximately $251,000. Finally, Waverly Advisors LLC increased its position in Arista Networks by 1,426.5% during the 4th quarter. Waverly Advisors LLC now owns 12,609 shares of the technology company’s stock valued at $1,394,000 after buying an additional 11,783 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 7,526,614 shares of company stock worth $975,547,217 in the last ninety days. 3.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANET. Wells Fargo & Company raised their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. BNP Paribas downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 11th. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Piper Sandler raised their price target on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.88.

Arista Networks Trading Up 2.6%

ANET opened at $146.59 on Friday. The firm has a market cap of $184.24 billion, a P/E ratio of 57.66, a P/E/G ratio of 2.98 and a beta of 1.50. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The stock has a 50-day moving average of $130.04 and a 200 day moving average of $101.63.

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

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.