Resonant Capital Advisors LLC Has $539,000 Stock Position in Arista Networks, Inc. $ANET

Resonant Capital Advisors LLC raised its stake in Arista Networks, Inc. (NYSE:ANET) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,270 shares of the technology company’s stock after buying an additional 1,102 shares during the period. Resonant Capital Advisors LLC’s holdings in Arista Networks were worth $539,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks during the first quarter valued at about $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks during the first quarter valued at about $33,000. REAP Financial Group LLC boosted its position in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the period. Tradewinds Capital Management LLC boosted its position in Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after buying an additional 143 shares during the period. Finally, Costello Asset Management INC boosted its position in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $154.32 on Monday. The company has a market capitalization of $193.96 billion, a price-to-earnings ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47. The business’s 50-day moving average is $143.22 and its 200-day moving average is $114.22. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68.

Arista Networks (NYSE:ANET) last released its 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. 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 the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.53 EPS. Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the company’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 of the company’s stock, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,090,040 shares of company stock worth $827,757,115. 3.54% of the stock is owned by company insiders.

Analyst Ratings Changes

ANET has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Rosenblatt Securities lifted their target price on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, Citigroup lifted their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.