Arista Networks, Inc. $ANET Shares Acquired by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. grew its stake in Arista Networks, Inc. (NYSE:ANET) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,516 shares of the technology company’s stock after purchasing an additional 938 shares during the quarter. Whitaker Myers Wealth Managers LTD.’s holdings in Arista Networks were worth $769,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ANET. Brighton Jones LLC grew its position in shares of Arista Networks by 321.7% in 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 during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $202,000. Bank Pictet & Cie Europe AG grew its position in shares of Arista Networks by 433.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company’s stock valued at $1,200,000 after purchasing an additional 8,822 shares during the period. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $251,000. Finally, Quadcap Wealth Management LLC grew its position in shares of Arista Networks by 342.0% in the fourth quarter. Quadcap Wealth Management LLC now owns 4,084 shares of the technology company’s stock valued at $451,000 after purchasing an additional 3,160 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity

In other news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director directly owned 57,784 shares of the company’s stock, valued at approximately $6,761,305.84. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,582,614 shares of company stock valued at $980,712,097. Company insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ANET shares. BNP Paribas downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Barclays raised their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley lifted their target price on shares of Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday. Finally, Redburn Atlantic assumed coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set a “buy” rating and a $112.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.56.

Arista Networks Stock Performance

Arista Networks stock opened at $139.35 on Friday. The company’s 50 day simple moving average is $126.85 and its 200-day simple moving average is $100.21. The company has a market capitalization of $175.14 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share 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.