REAP Financial Group LLC Buys 175 Shares of Arista Networks, Inc. $ANET

REAP Financial Group LLC grew its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 108.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337 shares of the technology company’s stock after buying an additional 175 shares during the period. REAP Financial Group LLC’s holdings in Arista Networks were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANET. Wealthcare Advisory Partners LLC lifted its holdings in shares of Arista Networks by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock valued at $618,000 after purchasing an additional 95 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in shares of Arista Networks by 2.3% during the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after purchasing an additional 98 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after purchasing an additional 100 shares in the last quarter. XML Financial LLC lifted its holdings in shares of Arista Networks by 0.6% during the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock valued at $1,656,000 after purchasing an additional 100 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of Arista Networks by 1.4% during the 2nd quarter. CX Institutional now owns 7,703 shares of the technology company’s stock valued at $788,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Up 8.3%

NYSE:ANET opened at $157.37 on Thursday. The firm has a market capitalization of $197.79 billion, a price-to-earnings ratio of 61.90, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $158.51. The stock’s 50 day moving average price is $139.41 and its two-hundred day moving average price is $107.74.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The business 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 firm’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANET. William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. UBS Group boosted their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wolfe Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. boosted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Morgan Stanley boosted their target price on Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is currently owned by 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.