New Century Financial Group LLC Buys Shares of 2,064 Arista Networks, Inc. $ANET

New Century Financial Group LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,064 shares of the technology company’s stock, valued at approximately $211,000.

A number of other large investors have also recently modified their holdings of ANET. 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 acquiring an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Arista Networks in the 1st quarter valued at $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 acquiring an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Arista Networks in the 1st quarter valued at $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 acquiring an additional 316,309 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Up 0.7%

Shares of Arista Networks stock opened at $145.51 on Friday. The business has a 50-day moving average price of $137.53 and a two-hundred day moving average price of $106.35. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The company has a market cap of $182.88 billion, a P/E ratio of 57.23, a PEG ratio of 3.01 and a beta of 1.47.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Rosenblatt Securities increased their price target on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, September 12th. Melius Research increased their price target on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wolfe Research raised their target price on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. The Goldman Sachs Group raised their target price on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research report on Thursday, September 25th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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 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.