Tributary Capital Management LLC Buys Shares of 3,750 Arista Networks, Inc. $ANET

Tributary Capital Management LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,750 shares of the technology company’s stock, valued at approximately $384,000.

Several other hedge funds also recently bought and sold shares of the stock. Forum Financial Management LP increased its position in Arista Networks by 1.6% during the second quarter. Forum Financial Management LP now owns 9,253 shares of the technology company’s stock worth $947,000 after buying an additional 142 shares in the last quarter. Caliber Wealth Management LLC KS purchased a new position in Arista Networks during the second quarter worth $375,000. Onyx Bridge Wealth Group LLC purchased a new position in Arista Networks during the second quarter worth $327,000. Cookson Peirce & Co. Inc. increased its position in Arista Networks by 16.7% during the second quarter. Cookson Peirce & Co. Inc. now owns 9,158 shares of the technology company’s stock worth $937,000 after buying an additional 1,312 shares in the last quarter. Finally, Brookstone Capital Management increased its position in Arista Networks by 33.8% during the second quarter. Brookstone Capital Management now owns 171,220 shares of the technology company’s stock worth $17,517,000 after buying an additional 43,225 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares in the company, valued at $6,162,722.16. This represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction on 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 owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,617,342 shares of company stock worth $888,707,954 in the last ninety days. Insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Rosenblatt Securities raised their price target on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group boosted their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Stock Up 4.2%

ANET stock opened at $152.74 on Friday. The company has a market cap of $191.97 billion, a price-to-earnings ratio of 60.08, a PEG ratio of 3.06 and a beta of 1.47. The business has a fifty day simple moving average of $142.88 and a 200-day simple moving average of $113.06. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68.

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

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.