Brighton Jones LLC Boosts Holdings in Arista Networks, Inc. $ANET

Brighton Jones LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 88.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,909 shares of the technology company’s stock after purchasing an additional 17,299 shares during the period. Brighton Jones LLC’s holdings in Arista Networks were worth $3,776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANET. MQS Management LLC lifted its holdings in Arista Networks by 11.0% in the 2nd quarter. MQS Management LLC now owns 2,990 shares of the technology company’s stock valued at $306,000 after purchasing an additional 296 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Arista Networks by 21.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 81,320 shares of the technology company’s stock worth $8,320,000 after purchasing an additional 14,128 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in Arista Networks during the 2nd quarter worth $387,000. CVA Family Office LLC boosted its stake in Arista Networks by 12.2% during the 2nd quarter. CVA Family Office LLC now owns 2,856 shares of the technology company’s stock worth $292,000 after purchasing an additional 310 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Arista Networks by 24.3% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 23,734 shares of the technology company’s stock worth $2,428,000 after purchasing an additional 4,639 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ANET shares. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Piper Sandler lifted their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Citigroup lifted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. Finally, Melius Research lifted their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” 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 stock. According to MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $163.94.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,617,342 shares of company stock worth $888,707,954. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 1.0%

NYSE ANET opened at $154.32 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68. The business’s fifty day simple moving average is $143.22 and its 200-day simple moving average is $113.95. The firm has a market cap of $193.96 billion, a PE ratio of 60.70, a P/E/G 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 the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

About Arista Networks

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.