Premier Path Wealth Partners LLC Grows Stock Position in Arista Networks, Inc. $ANET

Premier Path Wealth Partners LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,890 shares of the technology company’s stock after buying an additional 277 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Arista Networks were worth $910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after buying an additional 101,162 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Arista Networks in the 1st quarter valued at about $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after buying an additional 316,309 shares during the period. Trilogy Capital Inc. grew its holdings in Arista Networks by 13.7% in the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after buying an additional 3,079 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Arista Networks in the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the sale, the senior vice president directly owned 12,976 shares of the company’s stock, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $243,175,176.30. Following the sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,325,040 shares of company stock worth $611,632,257 in the last 90 days. 3.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup increased their target price on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a report on Thursday, September 25th. Needham & Company LLC boosted their target price on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Rosenblatt Securities boosted their target price on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Finally, Piper Sandler boosted their target price on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price of $163.94.

Arista Networks Stock Down 2.2%

NYSE ANET opened at $158.51 on Friday. The stock has a market cap of $199.23 billion, a PE ratio of 62.35, a P/E/G ratio of 3.37 and a beta of 1.47. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The business has a 50 day moving average price of $145.24 and a two-hundred day moving average price of $116.30.

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 analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.