Goelzer Investment Management Inc. Has $5.02 Million Holdings in Arista Networks, Inc. $ANET

Goelzer Investment Management Inc. decreased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,015 shares of the technology company’s stock after selling 125 shares during the period. Goelzer Investment Management Inc.’s holdings in Arista Networks were worth $5,015,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HighMark Wealth Management LLC boosted its position in shares of Arista Networks by 179.7% during the first 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 last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the first quarter valued at approximately $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks during the first quarter valued at approximately $33,000. McIlrath & Eck LLC purchased a new position in shares of Arista Networks during the fourth quarter valued at approximately $35,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET opened at $142.24 on Wednesday. The firm has a market cap of $178.78 billion, a PE ratio of 55.94, a PEG ratio of 3.03 and a beta of 1.50. The stock’s fifty day moving average price is $128.50 and its two-hundred day moving average price is $100.92. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the sale, the senior vice president directly owned 12,976 shares in the company, valued at $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the completion of the sale, the director owned 57,784 shares in the company, valued at approximately $6,761,305.84. The trade was a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,526,614 shares of company stock worth $975,547,217 over the last ninety days. 3.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of several analyst reports. Morgan Stanley lifted their target price on Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. KeyCorp boosted their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. BNP Paribas Exane cut Arista Networks from an “outperform” rating to a “neutral” rating and set a $106.00 price objective on the stock. in a research report on Wednesday, June 11th. Finally, Citigroup boosted their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.88.

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.