Whalen Wealth Management Inc. Takes Position in Arista Networks, Inc. $ANET

Whalen Wealth Management Inc. bought a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,410 shares of the technology company’s stock, valued at approximately $963,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in shares of Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after acquiring an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Arista Networks during the 1st quarter valued at approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Trilogy Capital Inc. raised its position in Arista Networks by 13.7% during the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Arista Networks during the 2nd quarter valued at approximately $212,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

ANET stock opened at $156.93 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The business’s 50 day moving average price is $144.09 and its two-hundred day moving average price is $115.37. The company has a market capitalization of $197.24 billion, a price-to-earnings ratio of 61.72, a price-to-earnings-growth ratio of 3.26 and a beta of 1.47.

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. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’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 owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 12,976 shares in the company, valued at $1,771,353.76. This trade represents a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,213,220 shares of company stock worth $722,406,000. Company insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ANET. Morgan Stanley set a $171.00 price target on Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. Piper Sandler raised their price target on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Citigroup raised their price target on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Wells Fargo & Company raised their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.94.

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.