Sage Mountain Advisors LLC Buys 1,134 Shares of Arista Networks, Inc. $ANET

Sage Mountain Advisors LLC raised its stake in Arista Networks, Inc. (NYSE:ANET) by 22.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,147 shares of the technology company’s stock after acquiring an additional 1,134 shares during the period. Sage Mountain Advisors LLC’s holdings in Arista Networks were worth $629,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ANET. Wealthcare Advisory Partners LLC raised its holdings in Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after buying an additional 95 shares during the last quarter. 1900 Wealth Management LLC increased its position in shares of Arista Networks by 2.3% during the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after acquiring an additional 98 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after acquiring an additional 100 shares during the last quarter. XML Financial LLC raised its holdings in Arista Networks by 0.6% in the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after acquiring an additional 100 shares during the last quarter. Finally, Hemington Wealth Management lifted its position in Arista Networks by 28.2% in the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock valued at $46,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 1.0%

ANET opened at $154.32 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The company has a market cap of $193.96 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 3.21 and a beta of 1.47. The company’s 50 day moving average is $143.22 and its 200 day moving average is $113.95.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping 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 the consensus estimate of $2.11 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’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 predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. KeyCorp boosted their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Piper Sandler boosted their target price on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group upped their target price 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 lifted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, Wells Fargo & Company increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and an average target price of $163.94.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold 6,617,342 shares of company stock worth $888,707,954 over the last quarter. 3.39% of the stock is owned by company insiders.

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.