Advyzon Investment Management LLC Takes $245,000 Position in Arista Networks, Inc. $ANET

Advyzon Investment Management LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,390 shares of the technology company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake in Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks in the first quarter valued at $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Arista Networks by 94.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after buying an additional 316,309 shares during the last quarter. Trilogy Capital Inc. lifted 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 worth $1,985,000 after buying an additional 3,079 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its holdings in Arista Networks by 99.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 40,428 shares of the technology company’s stock worth $4,136,000 after acquiring an additional 20,141 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

ANET has been the subject of a number of research analyst reports. Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday. Rosenblatt Securities restated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a research report on Wednesday, November 5th. The Goldman Sachs Group upped their price objective on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Insider Activity at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,009,040 shares of company stock worth $294,365,034 in the last ninety days. Company insiders own 3.54% of the company’s stock.

Arista Networks Stock Down 0.0%

ANET stock opened at $134.91 on Thursday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The company has a market cap of $169.88 billion, a P/E ratio of 53.06, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The business’s fifty day moving average is $146.61 and its 200-day moving average is $121.05.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $2.40 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal 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.