BSW Wealth Partners Purchases 718 Shares of Arista Networks, Inc. $ANET

BSW Wealth Partners raised its holdings in shares of Arista Networks, Inc. (NYSE:ANETFree Report) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,653 shares of the technology company’s stock after acquiring an additional 718 shares during the quarter. BSW Wealth Partners’ holdings in Arista Networks were worth $578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC bought a new stake in Arista Networks in the 1st quarter valued at $933,626,000. AQR Capital Management LLC increased its holdings in shares of Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after purchasing an additional 4,678,372 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Arista Networks by 37.3% in the first 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 in the last quarter. Amundi boosted its stake in Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after buying an additional 2,240,045 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the transaction, the insider 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. Over the last ninety days, insiders sold 6,670,904 shares of company stock valued at $892,841,241. 3.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ANET shares. Needham & Company LLC upped their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Wolfe Research lifted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Morgan Stanley boosted their target price on shares of Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group upped their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

View Our Latest Research Report on ANET

Arista Networks Trading Up 2.5%

Shares of ANET opened at $149.32 on Thursday. The company’s fifty day simple moving average is $136.30 and its 200-day simple moving average is $105.52. The company has a market cap of $187.67 billion, a P/E ratio of 58.73, a P/E/G ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32.

Arista Networks (NYSE:ANETGet Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS 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 company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

About Arista Networks

(Free Report)

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.

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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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