Ellevest Inc. Acquires Shares of 2,588 Arista Networks, Inc. $ANET

Ellevest Inc. acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, HoldingsChannel reports. The fund acquired 2,588 shares of the technology company’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at approximately $33,000. REAP Financial Group LLC increased its holdings in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Costello Asset Management INC lifted its stake in shares of Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. eCIO Inc. purchased a new stake in Arista Networks during the first quarter worth $36,000. Finally, Solstein Capital LLC grew its position in Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after buying an additional 316 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the sale, the director directly owned 33,784 shares in the company, valued at $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,009,040 shares of company stock valued at $294,365,034 over the last 90 days. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $133.99 on Friday. The stock has a market capitalization of $168.41 billion, a P/E ratio of 52.70, a PEG ratio of 3.37 and a beta of 1.48. The business has a 50 day simple moving average of $146.69 and a two-hundred day simple moving average of $118.95. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $2.40 earnings per share. The business’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANET. Wells Fargo & Company upped their price objective 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. UBS Group lifted their price target on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.31.

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.