Arista Networks, Inc. $ANET Shares Purchased by Intellectus Partners LLC

Intellectus Partners LLC increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,343 shares of the technology company’s stock after purchasing an additional 1,117 shares during the quarter. Intellectus Partners LLC’s holdings in Arista Networks were worth $956,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks during the first quarter worth $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks during the first quarter worth $33,000. REAP Financial Group LLC lifted its holdings in 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 acquiring an additional 175 shares during the period. Costello Asset Management INC lifted its holdings in 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 acquiring an additional 154 shares during the period. Finally, eCIO Inc. acquired a new stake in Arista Networks in the first quarter valued at $36,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of recent analyst reports. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Wolfe Research raised their target price on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. JPMorgan Chase & Co. raised their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. William Blair reissued an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Finally, BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a report on Thursday, September 25th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated 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 sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale is available in the SEC filing. Insiders sold 4,325,040 shares of company stock valued at $611,632,257 in the last 90 days. 3.39% of the stock is currently owned by insiders.

Arista Networks Stock Down 0.5%

NYSE:ANET opened at $157.64 on Monday. The company has a market capitalization of $198.13 billion, a PE ratio of 62.00, a price-to-earnings-growth ratio of 3.37 and a beta of 1.47. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The stock has a fifty day simple moving average of $145.72 and a 200-day simple moving average of $117.50.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current 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.