McAdam LLC Buys 116 Shares of Arista Networks, Inc. $ANET

McAdam LLC lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,594 shares of the technology company’s stock after acquiring an additional 116 shares during the quarter. McAdam LLC’s holdings in Arista Networks were worth $470,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Ibex Wealth Advisors lifted its position in shares of 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 purchasing an additional 7,329 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Arista Networks during the 1st quarter worth about $629,000. Commonwealth Equity Services LLC lifted its position in shares of 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 purchasing an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Arista Networks during the 1st quarter worth about $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Arista Networks by 94.8% during 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. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly 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 document filed with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders sold 7,520,816 shares of company stock valued at $979,873,167 in the last three months. Corporate insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

ANET has been the subject of several recent research reports. JPMorgan Chase & Co. upped 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. KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Rosenblatt Securities upped their price target on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. The Goldman Sachs Group upped their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Wolfe Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Arista Networks Trading Up 0.3%

Shares of ANET opened at $143.02 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The stock has a 50 day simple moving average of $133.62 and a 200-day simple moving average of $103.74. The stock has a market cap of $179.76 billion, a PE ratio of 56.25, a PEG ratio of 2.97 and a beta of 1.50.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the firm posted $0.53 EPS. Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS 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.