Putney Financial Group LLC Increases Stake in Arista Networks, Inc. $ANET

Putney Financial Group LLC lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,139 shares of the technology company’s stock after buying an additional 95 shares during the quarter. Arista Networks accounts for approximately 1.1% of Putney Financial Group LLC’s holdings, making the stock its 18th largest position. Putney Financial Group LLC’s holdings in Arista Networks were worth $1,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cloud Capital Management LLC bought a new stake in Arista Networks in the 1st quarter valued at $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks during the first quarter valued at about $33,000. REAP Financial Group LLC increased its holdings 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 worth $34,000 after purchasing an additional 175 shares during the last quarter. Costello Asset Management INC lifted 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 worth $35,000 after buying an additional 154 shares in the last quarter. Finally, eCIO Inc. bought a new position in Arista Networks during the first quarter valued at approximately $36,000. Institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other news, SVP Kenneth Duda sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the transaction, the senior vice president owned 12,976 shares of the company’s stock, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,325,040 shares of company stock worth $611,632,257. Insiders own 3.39% of the company’s stock.

Arista Networks Stock Down 2.2%

Shares of ANET opened at $158.51 on Friday. The company has a market cap of $199.23 billion, a PE ratio of 62.35, a P/E/G ratio of 3.37 and a beta of 1.47. The business has a fifty day moving average of $145.24 and a 200 day moving average of $116.30. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the business posted $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 anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Finally, Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a report on Friday, October 10th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.94.

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.