Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stock Position in Arista Networks, Inc. $ANET

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,428 shares of the technology company’s stock after purchasing an additional 2,317 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Arista Networks were worth $4,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ibex Wealth Advisors raised its stake in Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock valued at $4,501,000 after purchasing an additional 7,329 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Arista Networks in the first quarter valued at approximately $629,000. Commonwealth Equity Services LLC raised 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 valued at $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Arista Networks in the first quarter valued at approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 purchasing an additional 316,309 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $144.55 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The stock has a market capitalization of $181.68 billion, a price-to-earnings ratio of 56.85, a P/E/G ratio of 3.11 and a beta of 1.47. The company’s 50 day moving average price is $136.91 and its 200-day moving average price is $105.93.

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

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 6,670,904 shares of company stock valued at $892,841,241. 3.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Needham & Company LLC lifted their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Citigroup lifted their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.