Geneos Wealth Management Inc. Acquires 299 Shares of Arista Networks, Inc. $ANET

Geneos Wealth Management Inc. raised its holdings in Arista Networks, Inc. (NYSE:ANET) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,098 shares of the technology company’s stock after buying an additional 299 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Arista Networks were worth $163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HighMark Wealth Management LLC boosted its stake in shares of Arista Networks by 179.7% in 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 in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks in the 1st quarter valued at $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks in the 1st quarter valued at $33,000. McIlrath & Eck LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at $35,000. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the 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 sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the sale, the senior vice president directly owned 12,976 shares of the company’s stock, valued at $1,771,353.76. This represents a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,526,614 shares of company stock valued at $975,547,217. 3.54% of the stock is owned by insiders.

Analysts Set New Price Targets

ANET has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. BNP Paribas downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Needham & Company LLC upped their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday. Wedbush started coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They set an “outperform” rating on the stock. Finally, Rosenblatt Securities upped their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.88.

Arista Networks Trading Down 2.2%

NYSE ANET opened at $142.24 on Wednesday. The company has a market cap of $178.78 billion, a PE ratio of 55.94, a PEG ratio of 3.03 and a beta of 1.50. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The stock has a 50 day moving average of $128.50 and a 200-day moving average of $100.92.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The company 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 firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. 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, sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.