Keystone Financial Services Makes New Investment in Arista Networks, Inc. $ANET

Keystone Financial Services bought a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,396 shares of the technology company’s stock, valued at approximately $245,000.

Several other institutional investors have also made changes to their positions in ANET. Nuveen LLC acquired a new position in Arista Networks during the 1st quarter worth approximately $933,626,000. AQR Capital Management LLC boosted its stake in shares of Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after purchasing an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB raised its stake in Arista Networks by 193.3% during the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after buying an additional 4,656,021 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after buying an additional 2,594,184 shares during the period. Finally, Amundi boosted its position in Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after acquiring an additional 2,240,045 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the completion of the sale, the director directly owned 33,784 shares of the company’s stock, valued at $5,308,142.08. This trade represents a 19.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was 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 directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,009,040 shares of company stock worth $294,365,034. 3.39% of the stock is owned by company insiders.

Arista Networks Stock Performance

Arista Networks stock opened at $134.62 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The firm’s 50-day simple moving average is $146.66 and its 200 day simple moving average is $119.41. The stock has a market cap of $169.20 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $2.40 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ANET. Piper Sandler reissued a “neutral” rating and issued a $145.00 price objective (up from $143.00) on shares of Arista Networks in a research report on Wednesday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $140.00 price objective on shares of Arista Networks in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Needham & Company LLC increased their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, Citigroup lifted their price target on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.31.

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.