Syverson Strege & Co Purchases Shares of 2,166 Arista Networks, Inc. $ANET

Syverson Strege & Co purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,166 shares of the technology company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Great Lakes Retirement Inc. raised its stake in Arista Networks by 8.0% in the second quarter. Great Lakes Retirement Inc. now owns 51,051 shares of the technology company’s stock valued at $5,223,000 after buying an additional 3,780 shares during the last quarter. Leeward Financial Partners LLC raised its stake in shares of Arista Networks by 9.1% in the second quarter. Leeward Financial Partners LLC now owns 3,889 shares of the technology company’s stock worth $398,000 after purchasing an additional 325 shares during the last quarter. AlphaStar Capital Management LLC purchased a new position in shares of Arista Networks in the second quarter worth about $1,399,000. Kovack Advisors Inc. raised its stake in shares of Arista Networks by 259.1% in the second quarter. Kovack Advisors Inc. now owns 12,546 shares of the technology company’s stock worth $1,284,000 after purchasing an additional 9,052 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Arista Networks by 160.0% in the second quarter. Pinnacle Associates Ltd. now owns 12,877 shares of the technology company’s stock worth $1,317,000 after purchasing an additional 7,924 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Down 0.5%

Arista Networks stock opened at $157.64 on Friday. The firm has a market cap of $198.13 billion, a price-to-earnings ratio of 62.00, a price-to-earnings-growth ratio of 3.37 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94. The business’s 50-day moving average price is $145.72 and its 200 day moving average price is $117.19.

Arista Networks (NYSE:ANET) last posted 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 firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.53 earnings per share. Arista Networks’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the firm’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 directly owned 12,976 shares in the company, valued at approximately $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,325,040 shares of company stock valued at $611,632,257. Company insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. 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. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, UBS Group raised their target price on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.