North Point Portfolio Managers Corp OH Invests $11.46 Million in Arista Networks, Inc. $ANET

North Point Portfolio Managers Corp OH purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 111,965 shares of the technology company’s stock, valued at approximately $11,455,000. Arista Networks accounts for approximately 2.0% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC grew its stake in shares of Arista Networks by 3.3% during the 2nd quarter. Drive Wealth Management LLC now owns 6,332 shares of the technology company’s stock worth $648,000 after acquiring an additional 205 shares during the period. Canvas Wealth Advisors LLC bought a new position in shares of Arista Networks during the 2nd quarter worth $228,000. Lyell Wealth Management LP purchased a new stake in Arista Networks during the 2nd quarter worth about $208,000. Stephens Inc. AR lifted its holdings in Arista Networks by 13.8% during the 2nd 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 in the last quarter. Finally, Eos Management L.P. purchased a new stake in Arista Networks during the 2nd quarter worth about $1,214,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Down 2.0%

NYSE:ANET opened at $143.10 on Monday. The business’s 50-day moving average price is $142.11 and its two-hundred day moving average price is $111.43. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The stock has a market cap of $179.86 billion, a P/E ratio of 56.28, a PEG ratio of 2.98 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s 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. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 6,622,904 shares of company stock worth $887,794,521. 3.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on ANET shares. Wells Fargo & Company increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Piper Sandler increased their price objective on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently 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.