Solstein Capital LLC Raises Position in Arista Networks, Inc. $ANET

Solstein Capital LLC boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 493.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 380 shares of the technology company’s stock after buying an additional 316 shares during the quarter. Solstein Capital LLC’s holdings in Arista Networks were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ANET. Brighton Jones LLC raised its holdings in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Arista Networks in the 4th quarter valued at about $202,000. Bison Wealth LLC acquired a new stake in Arista Networks in the 4th quarter valued at about $251,000. Transcend Capital Advisors LLC acquired a new stake in Arista Networks in the 1st quarter valued at about $210,000. Finally, Golden State Wealth Management LLC raised its holdings in Arista Networks by 564.6% in the 1st quarter. Golden State Wealth Management LLC now owns 4,732 shares of the technology company’s stock valued at $367,000 after acquiring an additional 4,020 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ANET. The Goldman Sachs Group increased their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Barclays increased their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, September 12th. William Blair restated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Wolfe Research raised their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Piper Sandler raised their price target on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.94.

Arista Networks Stock Performance

Arista Networks stock opened at $156.91 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The firm has a 50 day moving average price of $143.60 and a 200 day moving average price of $114.78. The company has a market capitalization of $197.22 billion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of Arista Networks 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 owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the transaction, the director 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,502,040 shares of company stock worth $757,696,915. Insiders own 3.39% of the company’s stock.

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.