Arista Networks, Inc. $ANET Shares Bought by Trilogy Capital Inc.

Trilogy Capital Inc. raised its position in Arista Networks, Inc. (NYSE:ANET) by 34.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 34,337 shares of the technology company’s stock after acquiring an additional 8,712 shares during the quarter. Trilogy Capital Inc.’s holdings in Arista Networks were worth $3,513,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ANET. HighMark Wealth Management LLC grew its position in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks in the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks in the 1st quarter valued at about $33,000. Tradewinds Capital Management LLC boosted its stake in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after buying an additional 143 shares during the period. Finally, Costello Asset Management INC boosted its stake in shares of Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,670,904 shares of company stock valued at $892,841,241 in the last quarter. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Stock Up 1.6%

Shares of NYSE:ANET opened at $145.73 on Wednesday. The stock’s fifty day simple moving average is $135.58 and its 200-day simple moving average is $105.22. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The company has a market capitalization of $183.16 billion, a P/E ratio of 57.32, a P/E/G ratio of 2.99 and a beta of 1.50.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter 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 anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on ANET. UBS Group boosted their target price on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. KeyCorp boosted their price objective on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Finally, Wolfe Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

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.