Anderson Financial Strategies LLC Invests $124,000 in Arista Networks, Inc. $ANET

Anderson Financial Strategies LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,600 shares of the technology company’s stock, valued at approximately $124,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC boosted its holdings in Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company’s stock worth $190,000 after purchasing an additional 119 shares during the last quarter. Pier 88 Investment Partners LLC boosted its stake in shares of Arista Networks by 1.5% in the 1st quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company’s stock worth $617,000 after buying an additional 120 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Arista Networks by 31.3% during the 1st quarter. Optimum Investment Advisors now owns 525 shares of the technology company’s stock valued at $41,000 after purchasing an additional 125 shares during the last quarter. PFG Advisors grew its position in Arista Networks by 2.7% during the first quarter. PFG Advisors now owns 5,061 shares of the technology company’s stock valued at $392,000 after buying an additional 131 shares during the period. Finally, Harbour Investments Inc. increased its holdings in Arista Networks by 9.4% during the first quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company’s stock worth $126,000 after buying an additional 139 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ANET shares. Piper Sandler increased their target price on shares of Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Rosenblatt Securities increased their price objective on Arista Networks from $106.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their target price on Arista Networks from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. BNP Paribas cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 11th. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.79.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 6,334,926 shares of company stock valued at $795,392,998. 3.39% of the stock is owned by insiders.

Arista Networks Trading Up 6.4%

Shares of Arista Networks stock opened at $150.96 on Thursday. The company’s 50-day moving average price is $125.09 and its 200-day moving average price is $99.44. The company has a market cap of $189.74 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 3.34 and a beta of 1.50. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $151.71.

Arista Networks (NYSE:ANET) last released 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 firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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.