Arista Networks, Inc. $ANET Shares Purchased by Darden Wealth Group Inc

Darden Wealth Group Inc raised its stake in Arista Networks, Inc. (NYSE:ANET) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,065 shares of the technology company’s stock after buying an additional 170 shares during the quarter. Arista Networks comprises about 1.2% of Darden Wealth Group Inc’s portfolio, making the stock its 15th biggest holding. Darden Wealth Group Inc’s holdings in Arista Networks were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks during the fourth quarter worth $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at $251,000. Pure Financial Advisors LLC raised its holdings in shares of Arista Networks by 39.8% in the 1st quarter. Pure Financial Advisors LLC now owns 2,692 shares of the technology company’s stock valued at $209,000 after buying an additional 766 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in Arista Networks by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 27,450 shares of the technology company’s stock worth $2,127,000 after acquiring an additional 300 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction 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 owned 41,784 shares in the company, valued at $6,162,722.16. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,617,342 shares of company stock valued at $888,707,954. Insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Barclays increased their price objective on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Citigroup upped their price target on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a research note on Thursday, September 25th. Finally, Evercore ISI upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Nineteen investment 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 has an average rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Stock Up 1.0%

Shares of Arista Networks stock opened at $154.32 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68. The firm’s 50 day moving average is $143.22 and its two-hundred day moving average is $113.95. The firm has a market capitalization of $193.96 billion, a P/E ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47.

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

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.