Arista Networks, Inc. $ANET Shares Acquired by Solstein Capital LLC

Solstein Capital LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 493.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380 shares of the technology company’s stock after acquiring an additional 316 shares during the period. Solstein Capital LLC’s holdings in Arista Networks were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Riverwater Partners LLC purchased a new stake in shares of Arista Networks during the 2nd quarter worth $210,000. Resonant Capital Advisors LLC lifted its position in shares of Arista Networks by 26.4% during the 2nd quarter. Resonant Capital Advisors LLC now owns 5,270 shares of the technology company’s stock worth $539,000 after purchasing an additional 1,102 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Arista Networks by 8.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 146,658 shares of the technology company’s stock worth $15,005,000 after purchasing an additional 11,744 shares during the last quarter. Optimum Investment Advisors lifted its position in shares of Arista Networks by 145.7% during the 2nd quarter. Optimum Investment Advisors now owns 1,290 shares of the technology company’s stock worth $132,000 after purchasing an additional 765 shares during the last quarter. Finally, Darden Wealth Group Inc lifted its position in shares of Arista Networks by 0.9% during the 2nd quarter. Darden Wealth Group Inc now owns 20,065 shares of the technology company’s stock worth $2,053,000 after purchasing an additional 170 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,502,040 shares of company stock valued at $757,696,915. Insiders own 3.39% of the company’s stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $156.91 on Tuesday. The company has a 50-day simple moving average of $143.60 and a 200-day simple moving average of $114.78. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The stock has a market capitalization of $197.22 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.21 and a beta of 1.47.

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

Analysts Set New Price Targets

ANET has been the subject of several recent analyst reports. 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 report on Tuesday, September 16th. 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 report on Wednesday, August 6th. Barclays lifted their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.94.

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.