Parallel Advisors LLC Has $6.10 Million Holdings in Arista Networks, Inc. $ANET

Parallel Advisors LLC grew its position in Arista Networks, Inc. (NYSE:ANET) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,658 shares of the technology company’s stock after buying an additional 3,601 shares during the quarter. Parallel Advisors LLC’s holdings in Arista Networks were worth $6,104,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ANET. DSG Capital Advisors LLC purchased a new position in Arista Networks during the 4th quarter worth approximately $5,984,000. Ibex Wealth Advisors grew its holdings in shares of Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock valued at $4,501,000 after buying an additional 7,329 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Arista Networks during the first quarter valued at $629,000. Commonwealth Equity Services LLC lifted its stake in Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Arista Networks during the 1st quarter worth about $15,227,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ANET shares. KeyCorp upped their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Needham & Company LLC upped their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Melius Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday. Finally, Rosenblatt Securities increased their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.56.

Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director owned 57,784 shares of the company’s stock, valued at $6,761,305.84. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,526,614 shares of company stock worth $975,547,217 in the last 90 days. 3.54% of the stock is owned by company insiders.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $145.45 on Tuesday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The firm has a market cap of $182.81 billion, a price-to-earnings ratio of 57.21, a P/E/G ratio of 3.28 and a beta of 1.49. The business’s 50-day simple moving average is $127.73 and its 200-day simple moving average is $100.63.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks Company Profile

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.