180 Wealth Advisors LLC Sells 508 Shares of Arista Networks, Inc. $ANET

180 Wealth Advisors LLC cut its position in Arista Networks, Inc. (NYSE:ANET) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,162 shares of the technology company’s stock after selling 508 shares during the period. 180 Wealth Advisors LLC’s holdings in Arista Networks were worth $1,347,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Carnegie Investment Counsel raised its position in Arista Networks by 8.2% in the second quarter. Carnegie Investment Counsel now owns 168,192 shares of the technology company’s stock valued at $17,208,000 after purchasing an additional 12,736 shares during the last quarter. Smith Group Asset Management LLC raised its position in Arista Networks by 2.2% in the second quarter. Smith Group Asset Management LLC now owns 362,125 shares of the technology company’s stock valued at $37,049,000 after purchasing an additional 7,632 shares during the last quarter. Roman Butler Fullerton & Co. bought a new position in Arista Networks in the second quarter valued at about $1,211,000. Paragon Advisors LLC bought a new position in Arista Networks in the second quarter valued at about $4,813,000. Finally, Bleakley Financial Group LLC raised its position in Arista Networks by 9.5% in the second quarter. Bleakley Financial Group LLC now owns 23,181 shares of the technology company’s stock valued at $2,372,000 after purchasing an additional 2,016 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

NYSE ANET opened at $152.74 on Friday. The business has a 50 day simple moving average of $142.88 and a 200 day simple moving average of $113.06. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The stock has a market capitalization of $191.97 billion, a P/E ratio of 60.08, a P/E/G ratio of 3.06 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 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 business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was 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. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,852,324. This represents a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,617,342 shares of company stock valued at $888,707,954 over the last 90 days. Company insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Melius Research increased their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. raised their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, Rosenblatt Securities raised their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.94.

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.