Angeles Wealth Management LLC Invests $221,000 in Arista Networks, Inc. $ANET

Angeles Wealth Management LLC acquired a new position in Arista Networks, Inc. (NYSE:ANET) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,157 shares of the technology company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after buying an additional 1,889,198 shares during the last quarter. Nuveen LLC purchased a new position in shares of Arista Networks in the 1st quarter worth approximately $933,626,000. Northern Trust Corp grew its position in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after buying an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after buying an additional 2,594,184 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

ANET stock opened at $143.10 on Friday. The firm’s fifty day simple moving average is $142.11 and its 200-day simple moving average is $111.15. The company has a market capitalization of $179.86 billion, a P/E ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68.

Arista Networks (NYSE:ANET) last announced 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. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the 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 sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This represents 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 have sold 6,622,904 shares of company stock valued at $887,794,521. Company insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of recent analyst reports. Citigroup lifted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. UBS Group lifted their target price on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and a consensus price target of $163.94.

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.