Seamount Financial Group Inc. Makes New $372,000 Investment in Arista Networks, Inc. $ANET

Seamount Financial Group Inc. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,640 shares of the technology company’s stock, valued at approximately $372,000.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks during the fourth quarter worth $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $251,000. NBC Securities Inc. bought a new stake in shares of Arista Networks in the 1st quarter valued at $84,000. Finally, Gateway Investment Advisers LLC increased its position in shares of Arista Networks by 37.7% in the 1st quarter. Gateway Investment Advisers LLC now owns 9,340 shares of the technology company’s stock valued at $724,000 after buying an additional 2,559 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 in the last ninety days. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $149.61 on Tuesday. The firm has a market cap of $188.04 billion, a PE ratio of 58.84, a P/E/G ratio of 3.03 and a beta of 1.47. The business’s 50 day simple moving average is $138.18 and its 200 day simple moving average is $107.14. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET) last released its quarterly 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ANET. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. UBS Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.00.

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.