Arista Networks, Inc. $ANET Shares Acquired by Clean Yield Group

Clean Yield Group increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 4.0% during the second quarter, HoldingsChannel.com reports. The fund owned 53,449 shares of the technology company’s stock after buying an additional 2,080 shares during the period. Arista Networks makes up approximately 1.6% of Clean Yield Group’s holdings, making the stock its 20th largest holding. Clean Yield Group’s holdings in Arista Networks were worth $5,468,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HighMark Wealth Management LLC increased its holdings in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks in the 1st quarter valued at $33,000. Tradewinds Capital Management LLC increased its holdings in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after acquiring an additional 143 shares during the period. Finally, Costello Asset Management INC increased its holdings in shares of Arista Networks by 51.3% in the 1st 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 period. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective on the stock in a research note on Thursday. UBS Group boosted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Morgan Stanley boosted their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Citigroup boosted their price objective 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. Finally, Barclays boosted their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.00.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $142.53 on Monday. The firm has a market capitalization of $179.14 billion, a P/E ratio of 56.06, a PEG ratio of 2.97 and a beta of 1.49. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The company’s fifty day moving average is $134.23 and its two-hundred day moving average is $104.52.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. The trade was a 69.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold 6,678,904 shares of company stock worth $893,636,121 in the last three months. Corporate insiders own 3.54% of the company’s stock.

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.