Elevate Capital Advisors LLC Takes $1.58 Million Position in Arista Networks, Inc. $ANET

Elevate Capital Advisors LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 15,402 shares of the technology company’s stock, valued at approximately $1,576,000.

Other institutional investors have also modified their holdings of the company. Ibex Wealth Advisors lifted its stake in shares of Arista Networks by 14.4% in the 1st 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 during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Arista Networks in the 1st quarter valued at approximately $629,000. Commonwealth Equity Services LLC lifted its stake in shares of Arista Networks by 19.8% in the 1st 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 during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks in the 1st quarter valued at approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Arista Networks by 94.8% in the 1st 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 during the last quarter. 82.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ANET shares. Morgan Stanley raised their price objective on Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Arista Networks in a research note on Saturday, September 27th. Needham & Company LLC raised their price target on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, Barclays raised their price target on Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.00.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 6,678,904 shares of company stock worth $894,021,161. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $145.51 on Friday. The stock has a 50 day moving average price of $137.53 and a 200 day moving average price of $106.35. The firm has a market capitalization of $182.88 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.01 and a beta of 1.47. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for 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%.Arista Networks’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast 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.