3,196 Shares in Arista Networks, Inc. $ANET Acquired by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,196 shares of the technology company’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC increased its holdings in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the period. HighMark Wealth Management LLC increased its holdings in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in Arista Networks in the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new position in Arista Networks in the 1st quarter worth approximately $33,000. Finally, Costello Asset Management INC increased its holdings in Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. This represents a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,678,904 shares of company stock valued at $895,788,521. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wolfe Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. BNP Paribas Exane raised shares of 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. Wells Fargo & Company lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their target price 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. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Stock Performance

Arista Networks stock opened at $146.50 on Thursday. The company’s fifty day moving average price is $142.55 and its 200 day moving average price is $112.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The stock has a market capitalization of $184.13 billion, a P/E ratio of 57.62, a P/E/G ratio of 3.04 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company earned $0.53 EPS. The firm’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. Sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.