Advisors Capital Management LLC Boosts Stock Holdings in Arista Networks, Inc. $ANET

Advisors Capital Management LLC raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 7.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,289 shares of the technology company’s stock after purchasing an additional 300 shares during the period. Advisors Capital Management LLC’s holdings in Arista Networks were worth $332,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC purchased a new position in Arista Networks during the 4th quarter valued at about $35,000. HighMark Wealth Management LLC increased its position in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Arista Networks in the 1st quarter valued at about $30,000. Ameriflex Group Inc. bought a new stake in shares of Arista Networks in the 4th quarter valued at about $46,000. Finally, Saudi Central Bank bought a new stake in shares of Arista Networks in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Down 8.9%

ANET stock opened at $139.35 on Friday. The firm has a 50 day moving average of $126.85 and a 200 day moving average of $100.21. The stock has a market capitalization of $175.14 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. 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 earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business earned $0.53 EPS. Arista Networks’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. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ANET. UBS Group raised their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. KeyCorp raised their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Evercore ISI raised their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday. Wedbush began coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley raised their price target on shares of Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $157.56.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,582,614 shares of company stock worth $980,712,097. Company insiders own 3.39% of the company’s stock.

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.