KRS Capital Management LLC Takes $285,000 Position in Arista Networks, Inc. $ANET

KRS Capital Management LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, Holdings Channel reports. The fund purchased 2,785 shares of the technology company’s stock, valued at approximately $285,000.

A number of other large investors also recently bought and sold shares of the business. IFP Advisors Inc raised its stake in Arista Networks by 42.9% in the second quarter. IFP Advisors Inc now owns 7,075 shares of the technology company’s stock worth $724,000 after buying an additional 2,124 shares in the last quarter. Callan Family Office LLC raised its stake in Arista Networks by 164.2% in the second quarter. Callan Family Office LLC now owns 19,261 shares of the technology company’s stock worth $1,971,000 after buying an additional 11,971 shares in the last quarter. Blair William & Co. IL raised its stake in Arista Networks by 12.1% in the second quarter. Blair William & Co. IL now owns 1,157,382 shares of the technology company’s stock worth $118,412,000 after buying an additional 125,362 shares in the last quarter. Rice Partnership LLC bought a new position in Arista Networks in the second quarter worth approximately $3,245,000. Finally, TFR Capital LLC. raised its stake in Arista Networks by 6.5% in the second quarter. TFR Capital LLC. now owns 15,930 shares of the technology company’s stock worth $1,630,000 after buying an additional 971 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ANET. Wells Fargo & Company boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. KeyCorp lifted their price target on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. 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 report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Stock Performance

NYSE:ANET opened at $158.57 on Friday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $159.80. The firm has a market cap of $199.30 billion, a price-to-earnings ratio of 62.37, a PEG ratio of 3.28 and a beta of 1.47. The firm’s fifty day moving average is $140.11 and its two-hundred day moving average is $108.23.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data 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. The business had revenue of $2.20 billion during 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 company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict 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.