Cookson Peirce & Co. Inc. Grows Position in Arista Networks, Inc. $ANET

Cookson Peirce & Co. Inc. boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,158 shares of the technology company’s stock after acquiring an additional 1,312 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Arista Networks were worth $937,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. REAP Financial Group LLC increased its position in shares of Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of Arista Networks by 179.7% in the first 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 in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks in the first quarter valued at $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks in the first quarter valued at $33,000. Finally, Costello Asset Management INC increased its position in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ANET. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. The Goldman Sachs Group increased their price objective on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Melius Research increased their price objective on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Barclays increased their price objective on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Morgan Stanley set a $171.00 price objective on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Nineteen 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, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Trading Up 0.4%

Shares of NYSE:ANET opened at $146.50 on Thursday. The stock’s 50-day moving average price is $142.55 and its two-hundred day moving average price is $112.47. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The firm has a market cap of $184.13 billion, a price-to-earnings ratio of 57.62, a PEG ratio of 3.04 and a beta of 1.47.

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

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the completion of the transaction, the director owned 41,784 shares in the company, valued at approximately $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,678,904 shares of company stock valued at $895,788,521. Insiders own 3.39% of the company’s stock.

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.