Arista Networks, Inc. $ANET Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 16.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,689 shares of the technology company’s stock after purchasing an additional 925 shares during the quarter. Ritholtz Wealth Management’s holdings in Arista Networks were worth $684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANET. HighMark Wealth Management LLC grew its stake in 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 in the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks during the 1st quarter worth $30,000. Saudi Central Bank acquired a new position in Arista Networks during the 1st quarter worth $33,000. REAP Financial Group LLC grew its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after acquiring an additional 143 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Arista Networks stock opened at $143.10 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The company has a market capitalization of $179.86 billion, a P/E ratio of 56.28, a PEG ratio of 2.98 and a beta of 1.47. The stock has a 50-day simple moving average of $142.11 and a 200-day simple moving average of $111.15.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

ANET has been the subject of several analyst reports. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research 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 research report on Tuesday, September 16th. KeyCorp upped their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Evercore ISI upped their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,622,904 shares of company stock valued at $887,794,521 in the last ninety days. Insiders own 3.39% of the company’s stock.

Arista Networks 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.