Drive Wealth Management LLC Purchases 205 Shares of Arista Networks, Inc. $ANET

Drive Wealth Management LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,332 shares of the technology company’s stock after purchasing an additional 205 shares during the period. Drive Wealth Management LLC’s holdings in Arista Networks were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canvas Wealth Advisors LLC bought a new stake in shares of Arista Networks during the second quarter valued at approximately $228,000. Lyell Wealth Management LP purchased a new position in Arista Networks in the second quarter worth $208,000. Stephens Inc. AR grew its holdings in Arista Networks by 13.8% in the second quarter. Stephens Inc. AR now owns 13,945 shares of the technology company’s stock worth $1,427,000 after purchasing an additional 1,687 shares during the last quarter. Eos Management L.P. purchased a new position in Arista Networks in the second quarter worth $1,214,000. Finally, Calamos Wealth Management LLC grew its holdings in Arista Networks by 2.6% in the second quarter. Calamos Wealth Management LLC now owns 16,831 shares of the technology company’s stock worth $1,722,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ANET shares. 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. 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. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Melius Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Morgan Stanley set a $171.00 target price on Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.94.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction 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 sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,622,904 shares of company stock valued at $887,794,521. 3.54% of the stock is owned by insiders.

Arista Networks Stock Performance

NYSE:ANET opened at $143.10 on Monday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The firm has a market cap of $179.86 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 2.98 and a beta of 1.47. The firm’s fifty day moving average is $142.11 and its two-hundred day moving average is $111.43.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. 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 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.