Dakota Wealth Management Grows Holdings in Arista Networks, Inc. $ANET

Dakota Wealth Management increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 172.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,483 shares of the technology company’s stock after buying an additional 32,556 shares during the period. Dakota Wealth Management’s holdings in Arista Networks were worth $5,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ibex Wealth Advisors increased its stake in Arista Networks by 14.4% during the 1st 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 during the period. Sowell Financial Services LLC purchased a new stake in Arista Networks during the 1st quarter worth $629,000. Commonwealth Equity Services LLC increased its stake in Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after buying an additional 101,162 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Arista Networks during the 1st quarter worth $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value 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 approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 7,520,816 shares of company stock valued at $979,873,167. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Stock Performance

NYSE ANET opened at $143.02 on Friday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The company has a 50-day simple moving average of $133.62 and a 200-day simple moving average of $103.74. The firm has a market capitalization of $179.76 billion, a PE ratio of 56.25, a price-to-earnings-growth ratio of 2.97 and a beta of 1.50.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating 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 business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ANET shares. KeyCorp boosted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Piper Sandler boosted their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Barclays boosted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, Citigroup boosted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and an average price target of $162.00.

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.