Arista Networks, Inc. $ANET Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 30.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,371 shares of the technology company’s stock after buying an additional 3,558 shares during the period. Venturi Wealth Management LLC’s holdings in Arista Networks were worth $1,573,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks in the 1st quarter worth approximately $33,000. Costello Asset Management INC grew its stake 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 worth $35,000 after purchasing an additional 154 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its stake 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 worth $35,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Performance

ANET stock opened at $157.37 on Thursday. The stock has a market cap of $197.79 billion, a P/E ratio of 61.90, a P/E/G ratio of 3.03 and a beta of 1.47. The firm has a 50 day simple moving average of $139.41 and a 200 day simple moving average of $107.74. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $158.51.

Arista Networks (NYSE:ANET) last posted 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. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, 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 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 $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock worth $894,021,161 over the last ninety days. 3.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Needham & Company LLC lifted their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Arista Networks in a research note on Saturday, September 27th. Citigroup lifted their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks has an average rating of “Moderate Buy” and an average price target of $162.00.

About Arista Networks

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.