True Vision MN LLC Raises Stock Holdings in Arista Networks, Inc. $ANET

True Vision MN LLC increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 2.2% in the second quarter, HoldingsChannel reports. The firm owned 6,128 shares of the technology company’s stock after buying an additional 129 shares during the period. True Vision MN LLC’s holdings in Arista Networks were worth $627,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ANET. HighMark Wealth Management LLC lifted its stake in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks during the 1st quarter worth $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the first quarter valued at about $33,000. Tradewinds Capital Management LLC raised its stake in Arista Networks by 45.8% in the first 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 last quarter. Finally, Costello Asset Management INC raised its stake in Arista Networks by 51.3% in the first 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 last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ANET shares. Citigroup increased their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Arista Networks in a research note on Saturday, September 27th. Rosenblatt Securities increased their price target on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, September 12th. Barclays increased their price target on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. increased their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction dated 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 approximately $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 a total of 6,678,904 shares of company stock valued at $894,021,161 over the last ninety days. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 2.8%

Shares of NYSE:ANET opened at $149.61 on Tuesday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The stock has a market cap of $188.04 billion, a price-to-earnings ratio of 58.84, a PEG ratio of 3.03 and a beta of 1.47. The business has a 50-day moving average price of $138.18 and a 200-day moving average price of $107.14.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business posted $0.53 earnings per share. The company’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. As a group, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal 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.