Left Brain Wealth Management LLC Has $8.35 Million Stock Position in Arista Networks, Inc. $ANET

Left Brain Wealth Management LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,605 shares of the technology company’s stock after acquiring an additional 8,788 shares during the quarter. Arista Networks accounts for about 2.9% of Left Brain Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Left Brain Wealth Management LLC’s holdings in Arista Networks were worth $8,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ANET. Vanguard Group Inc. increased its position in shares of Arista Networks by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after purchasing an additional 1,136,167 shares during the last quarter. Geode Capital Management LLC lifted its position in Arista Networks by 0.5% during the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock valued at $2,606,694,000 after purchasing an additional 128,977 shares during the last quarter. Alliancebernstein L.P. grew its stake in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. Nuveen LLC bought a new position in shares of Arista Networks in the 1st quarter worth $933,626,000. Finally, Northern Trust Corp raised its position in shares of Arista Networks by 3.7% during the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after buying an additional 372,677 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ANET shares. Citigroup increased their target price on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company raised their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Needham & Company LLC upped their target price on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Stock Down 1.8%

Shares of Arista Networks stock opened at $117.40 on Friday. The company’s fifty day simple moving average is $143.90 and its two-hundred day simple moving average is $122.95. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The firm has a market cap of $147.84 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the business posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks 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. In the last ninety days, insiders sold 2,009,040 shares of company stock worth $293,922,634. 3.39% of the stock is currently owned by corporate insiders.

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.