3,716 Shares in Arista Networks, Inc. $ANET Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,716 shares of the technology company’s stock, valued at approximately $380,000.

Other hedge funds have 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 valued at $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 valued at $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC bought a new position in Arista Networks in the 1st quarter valued at about $30,000. Saudi Central Bank bought a new position in Arista Networks in the 1st quarter valued at about $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 valued at $35,000 after buying an additional 154 shares during the period. 82.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ANET has been the topic of several recent analyst reports. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. lifted their price target 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. Melius Research lifted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 12th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. Finally, Wolfe Research lifted their price target 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. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Price Performance

ANET opened at $138.76 on Wednesday. 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 market capitalization of $174.40 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 3.07 and a beta of 1.47. The company’s 50 day moving average price is $141.81 and its two-hundred day moving average price is $109.79.

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, topping 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 analyst estimates of $2.11 billion. During the same period in the previous year, the firm posted $0.53 EPS. The company’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. As a group, equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.80, for a total transaction of $3,686,800.00. Following the sale, the insider directly owned 562,400 shares in the company, valued at $79,748,320. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,678,904 shares of company stock valued at $894,021,161 in the last ninety days. 3.54% of the stock is currently owned by insiders.

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.