Northstar Asset Management Inc. Purchases 7,483 Shares of Arista Networks, Inc. $ANET

Northstar Asset Management Inc. boosted its position in Arista Networks, Inc. (NYSE:ANET) by 48.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,840 shares of the technology company’s stock after buying an additional 7,483 shares during the period. Northstar Asset Management Inc.’s holdings in Arista Networks were worth $2,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Leelyn Smith LLC lifted its holdings in shares of Arista Networks by 3.5% in the second quarter. Leelyn Smith LLC now owns 26,182 shares of the technology company’s stock valued at $2,679,000 after purchasing an additional 875 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in shares of Arista Networks by 22.6% during the second quarter. Sage Mountain Advisors LLC now owns 6,147 shares of the technology company’s stock valued at $629,000 after buying an additional 1,134 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Arista Networks by 1.6% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,496,333 shares of the technology company’s stock valued at $255,400,000 after buying an additional 38,160 shares during the last quarter. First Business Financial Services Inc. boosted its position in shares of Arista Networks by 2.1% during the second quarter. First Business Financial Services Inc. now owns 65,876 shares of the technology company’s stock valued at $6,740,000 after buying an additional 1,352 shares during the last quarter. Finally, Moloney Securities Asset Management LLC boosted its position in shares of Arista Networks by 26.9% during the second quarter. Moloney Securities Asset Management LLC now owns 16,942 shares of the technology company’s stock valued at $1,733,000 after buying an additional 3,589 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,617,342 shares of company stock valued at $888,707,954. 3.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup lifted their target price on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Evercore ISI lifted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Melius Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group upped their target price 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Trading Up 1.0%

Shares of NYSE ANET opened at $154.32 on Friday. The stock has a fifty day simple moving average of $143.22 and a two-hundred day simple moving average of $113.64. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $162.68. The firm has a market cap of $193.96 billion, a price-to-earnings ratio of 60.70, a price-to-earnings-growth ratio of 3.18 and a beta of 1.47.

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

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.