Sagespring Wealth Partners LLC Buys 1,189 Shares of Arista Networks, Inc. $ANET

Sagespring Wealth Partners LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,423 shares of the technology company’s stock after buying an additional 1,189 shares during the period. Sagespring Wealth Partners LLC’s holdings in Arista Networks were worth $862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Asset Management Inc increased its holdings in shares of Arista Networks by 21.1% during the second quarter. TD Asset Management Inc now owns 2,694,058 shares of the technology company’s stock valued at $275,629,000 after acquiring an additional 468,814 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in Arista Networks during the 2nd quarter valued at about $269,000. RFG Advisory LLC increased its stake in Arista Networks by 2.6% during the 2nd quarter. RFG Advisory LLC now owns 38,105 shares of the technology company’s stock valued at $3,898,000 after purchasing an additional 979 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of Arista Networks during the second quarter valued at approximately $380,000. Finally, Heartland Bank & Trust Co increased its position in shares of Arista Networks by 2.0% during the second quarter. Heartland Bank & Trust Co now owns 7,568 shares of the technology company’s stock valued at $774,000 after acquiring an additional 148 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ANET shares. William Blair reissued an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Barclays lifted their price objective on Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Price Performance

Shares of ANET opened at $143.46 on Thursday. The business has a fifty day moving average of $141.90 and a 200 day moving average of $110.02. The firm has a market capitalization of $180.31 billion, a P/E ratio of 56.43, a PEG ratio of 2.89 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68.

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

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were 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 owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were 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 approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,622,904 shares of company stock worth $887,794,521. 3.39% of the stock is owned by company insiders.

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.