Cornell Pochily Investment Advisors Inc. Buys New Position in Arista Networks, Inc. $ANET

Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,152 shares of the technology company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock valued at $7,581,955,000 after acquiring an additional 1,771,982 shares during the period. Alliancebernstein L.P. boosted its holdings in Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares during the period. Nuveen LLC purchased a new position in shares of Arista Networks in the 1st quarter valued at about $933,626,000. Northern Trust Corp boosted its stake in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after buying an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after buying an additional 2,594,184 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ANET shares. UBS Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Needham & Company LLC upped their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Melius Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Wolfe Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Insider Activity

In other news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the company’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 have sold 6,670,904 shares of company stock worth $892,841,241 over the last three months. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Stock Down 3.2%

Shares of NYSE:ANET opened at $144.55 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The stock’s fifty day simple moving average is $136.91 and its 200-day simple moving average is $105.93. The company has a market capitalization of $181.68 billion, a P/E ratio of 56.85, a P/E/G ratio of 3.11 and a beta of 1.47.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating 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 business 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 earned $0.53 earnings per share. The business’s revenue was up 30.4% on a year-over-year basis. 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.

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.