Arista Networks, Inc. $ANET Shares Acquired by Forte Capital LLC ADV

Forte Capital LLC ADV increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 46.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 80,635 shares of the technology company’s stock after purchasing an additional 25,656 shares during the quarter. Forte Capital LLC ADV’s holdings in Arista Networks were worth $8,250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. DSG Capital Advisors LLC acquired a new position in shares of Arista Networks during the 4th quarter worth approximately $5,984,000. Ibex Wealth Advisors increased its position in Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock worth $4,501,000 after buying an additional 7,329 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Arista Networks in the first quarter worth $629,000. Commonwealth Equity Services LLC lifted its position in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks during the first quarter valued at $15,227,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ANET has been the topic of several analyst reports. Wedbush initiated coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set an “outperform” rating on the stock. Melius Research raised their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wells Fargo & Company boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Redburn Atlantic started coverage on Arista Networks in a report on Wednesday, May 28th. They set a “buy” rating and a $112.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $157.88.

Arista Networks Stock Down 2.7%

Shares of NYSE:ANET opened at $145.51 on Tuesday. The company has a market capitalization of $182.89 billion, a price-to-earnings ratio of 57.23, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. The company has a 50 day moving average of $131.59 and a two-hundred day moving average of $102.73. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,839,867.04. This trade represents a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,582,614 shares of company stock valued at $983,487,717 over the last 90 days. Insiders own 3.54% of the company’s stock.

Arista Networks Company 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.