Allworth Financial LP Purchases 35,040 Shares of Arista Networks, Inc. $ANET

Allworth Financial LP lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 322.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,906 shares of the technology company’s stock after buying an additional 35,040 shares during the period. Allworth Financial LP’s holdings in Arista Networks were worth $4,697,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of 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 in the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in Arista Networks during the 4th quarter worth approximately $251,000. Alps Advisors Inc. boosted its position in Arista Networks by 7.3% during the 1st quarter. Alps Advisors Inc. now owns 4,225 shares of the technology company’s stock worth $327,000 after buying an additional 289 shares during the period. Finally, Stephens Inc. AR grew its holdings in Arista Networks by 6.6% during the 1st quarter. Stephens Inc. AR now owns 12,258 shares of the technology company’s stock worth $950,000 after acquiring an additional 755 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In related news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the sale, the director owned 33,784 shares in the company, valued at $5,308,142.08. This trade represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,009,040 shares of company stock valued at $294,365,034. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $140.00 price target on shares of Arista Networks in a research note on Wednesday, November 5th. Needham & Company LLC lifted their target price on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Evercore ISI upped their price target on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $145.00 price objective (up from $143.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Stock Down 1.7%

Shares of ANET opened at $134.88 on Wednesday. The business’s fifty day moving average is $146.66 and its 200 day moving average is $120.95. The stock has a market cap of $169.85 billion, a P/E ratio of 53.05, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.