1,093 Shares in Arista Networks, Inc. $ANET Bought by Key Financial Inc

Key Financial Inc bought a new stake in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,093 shares of the technology company’s stock, valued at approximately $112,000.

A number of other hedge funds have also recently made changes to their positions in ANET. Saudi Central Bank bought a new position in Arista Networks in the 1st quarter valued at approximately $33,000. REAP Financial Group LLC increased its position in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the period. Costello Asset Management INC raised its stake in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after acquiring an additional 154 shares during the last quarter. eCIO Inc. acquired a new position in shares of Arista Networks during the first quarter worth $36,000. Finally, Solstein Capital LLC grew its stake in shares of Arista Networks by 493.8% in the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. KeyCorp upped their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Stock Performance

Shares of ANET stock opened at $153.41 on Wednesday. The company has a market cap of $192.81 billion, a P/E ratio of 60.34, a PEG ratio of 3.37 and a beta of 1.47. The stock has a 50 day simple moving average of $146.59 and a two-hundred day simple moving average of $118.69. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the transaction, the senior vice president owned 12,976 shares in the company, valued at $1,771,353.76. This represents a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,539,875 shares of company stock valued at $368,457,081 over the last ninety days. 3.39% of the stock is owned by corporate insiders.

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.