Crestwood Advisors Group LLC Acquires 1,652 Shares of Arista Networks, Inc. $ANET

Crestwood Advisors Group LLC grew its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 31.3% in the second quarter, HoldingsChannel.com reports. The firm owned 6,930 shares of the technology company’s stock after purchasing an additional 1,652 shares during the period. Crestwood Advisors Group LLC’s holdings in Arista Networks were worth $709,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FWG Holdings LLC purchased a new position in shares of Arista Networks during the second quarter valued at approximately $293,000. NewSquare Capital LLC lifted its stake in Arista Networks by 117.5% during the 2nd quarter. NewSquare Capital LLC now owns 670 shares of the technology company’s stock valued at $69,000 after acquiring an additional 362 shares in the last quarter. Key Financial Inc purchased a new position in Arista Networks during the 2nd quarter worth $112,000. KDT Advisors LLC bought a new stake in shares of Arista Networks in the 2nd quarter worth $223,000. Finally, Westside Investment Management Inc. grew its stake in shares of Arista Networks by 120.0% in the 2nd quarter. Westside Investment Management Inc. now owns 770 shares of the technology company’s stock worth $76,000 after acquiring an additional 420 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ANET. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Barclays reaffirmed an “overweight” rating and issued a $183.00 target price (up from $179.00) on shares of Arista Networks in a report on Wednesday. Piper Sandler reiterated a “neutral” rating and set a $145.00 target price (up from $143.00) on shares of Arista Networks in a research note on Wednesday. Finally, Wolfe Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Price Performance

Shares of NYSE ANET opened at $133.99 on Friday. The stock has a market capitalization of $168.41 billion, a PE ratio of 52.70, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The business’s fifty day moving average price is $146.69 and its 200-day moving average price is $118.95.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business 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 firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,009,040 shares of company stock worth $294,365,034. 3.39% of the stock is owned by corporate insiders.

Arista Networks 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.