Optimum Investment Advisors Purchases 765 Shares of Arista Networks, Inc. $ANET

Optimum Investment Advisors increased its position in Arista Networks, Inc. (NYSE:ANET) by 145.7% during the second quarter, Holdings Channel.com reports. The firm owned 1,290 shares of the technology company’s stock after buying an additional 765 shares during the quarter. Optimum Investment Advisors’ holdings in Arista Networks were worth $132,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. REAP Financial Group LLC lifted its holdings 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 purchasing an additional 175 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Arista Networks in the 1st quarter worth $30,000. Saudi Central Bank bought a new position in shares of Arista Networks in the 1st quarter worth $33,000. Costello Asset Management INC lifted its holdings in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after buying an additional 143 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ANET has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. UBS Group raised their price target 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. JPMorgan Chase & Co. 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 note on Friday, September 12th. Finally, KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $154.32 on Friday. The stock has a market cap of $193.96 billion, a PE ratio of 60.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The stock has a fifty day moving average of $143.22 and a 200-day moving average of $113.95.

Arista Networks (NYSE:ANET) last announced 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 company had revenue of $2.20 billion during 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 firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,617,342 shares of company stock worth $888,707,954 over the last 90 days. Corporate insiders own 3.39% of the company’s stock.

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.