NorthRock Partners LLC Buys 3,090 Shares of Arista Networks, Inc. $ANET

NorthRock Partners LLC increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 22.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,732 shares of the technology company’s stock after acquiring an additional 3,090 shares during the quarter. NorthRock Partners LLC’s holdings in Arista Networks were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ANET. HighMark Wealth Management LLC increased its stake in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after acquiring an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank bought a new position in shares of Arista Networks in the 1st quarter worth about $33,000. REAP Financial Group LLC increased its stake in shares of Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after acquiring an additional 143 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Down 4.3%

Shares of NYSE ANET opened at $147.45 on Tuesday. The firm’s 50-day moving average price is $141.39 and its 200-day moving average price is $109.58. The company has a market cap of $185.32 billion, a PE ratio of 57.99, a PEG ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $162.68.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results 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. The firm had revenue of $2.20 billion for 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 business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the subject of several research reports. Morgan Stanley set a $171.00 price target on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Citigroup increased their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wolfe Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Finally, UBS Group increased their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

Insider Activity

In related news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,678,904 shares of company stock valued at $894,021,161 in the last 90 days. 3.54% of the stock is currently owned by insiders.

Arista Networks 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.