First National Advisers LLC Acquires Shares of 26,985 Arista Networks, Inc. $ANET

First National Advisers LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,985 shares of the technology company’s stock, valued at approximately $2,761,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. REAP Financial Group LLC increased its stake in Arista Networks by 108.0% during 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. Solstein Capital LLC grew its stake in shares of Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after acquiring an additional 316 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Arista Networks during the first quarter worth about $33,000. Costello Asset Management INC increased its position in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after acquiring an additional 154 shares during the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of Arista Networks by 28.2% in the second quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after acquiring an additional 101 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Arista Networks stock opened at $131.25 on Friday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The company has a fifty day moving average price of $142.06 and a two-hundred day moving average price of $124.06. The company has a market cap of $165.28 billion, a PE ratio of 51.62, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $2.40 earnings per share. The firm’s revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Barclays reissued an “overweight” rating and set a $183.00 price target (up previously from $179.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Melius Research upped 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. Piper Sandler reiterated a “neutral” rating and set a $145.00 price objective (up from $143.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Finally, Evercore ISI boosted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six 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 $164.31.

Insiders Place Their Bets

In related news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,668,843.36. This trade represents a 69.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The SEC filing for this sale provides additional information. Insiders have sold 2,009,464 shares of company stock valued at $293,774,712 over the last quarter. Insiders own 3.39% of the company’s stock.

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.