MGO One Seven LLC Acquires 11,191 Shares of Arista Networks, Inc. $ANET

MGO One Seven LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 33.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,800 shares of the technology company’s stock after acquiring an additional 11,191 shares during the period. MGO One Seven LLC’s holdings in Arista Networks were worth $4,583,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Wealthcare Advisory Partners LLC boosted its stake in shares of Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after acquiring an additional 95 shares during the period. 1900 Wealth Management LLC boosted its stake in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after acquiring an additional 98 shares during the period. Wesbanco Bank Inc. lifted its position in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after buying an additional 100 shares in the last quarter. XML Financial LLC lifted its position in shares of Arista Networks by 0.6% in the second quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after buying an additional 100 shares in the last quarter. Finally, Hemington Wealth Management lifted its position in shares of Arista Networks by 28.2% in the second quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after buying an additional 101 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock opened at $147.45 on Tuesday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The stock’s 50 day simple moving average is $141.39 and its two-hundred day simple moving average is $109.58. The company has a market cap of $185.32 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data 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. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s quarterly 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 expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last ninety days. Company insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ANET. Wolfe Research boosted 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. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. KeyCorp boosted their target price on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.94.

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.