Cullen Frost Bankers Inc. Has $2.46 Million Stake in Arista Networks, Inc. $ANET

Cullen Frost Bankers Inc. raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 697.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,031 shares of the technology company’s stock after buying an additional 21,017 shares during the period. Cullen Frost Bankers Inc.’s holdings in Arista Networks were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC increased its holdings in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares in the last quarter. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during the first 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 shares of Arista Networks during the first quarter worth approximately $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks during the first quarter worth approximately $33,000. Finally, Costello Asset Management INC lifted its position in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

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 Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,617,342 shares of company stock valued at $888,707,954. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE ANET opened at $152.74 on Friday. The company’s 50 day simple moving average is $142.88 and its 200 day simple moving average is $113.06. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The firm 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 announced its quarterly earnings data 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 net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the business posted $0.53 earnings per share. Arista Networks’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research reports. Citigroup upped their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Barclays upped their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $163.94.

About Arista Networks

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.