Journey Strategic Wealth LLC Makes New $685,000 Investment in Arista Networks, Inc. $ANET

Journey Strategic Wealth LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,694 shares of the technology company’s stock, valued at approximately $685,000.

Other institutional investors have also modified their holdings of the company. Varenne Capital Partners raised its holdings in Arista Networks by 7.4% in the second quarter. Varenne Capital Partners now owns 515,485 shares of the technology company’s stock valued at $52,739,000 after buying an additional 35,658 shares during the period. Franklin Resources Inc. raised its stake in shares of Arista Networks by 1.6% in the 2nd quarter. Franklin Resources Inc. now owns 4,035,190 shares of the technology company’s stock valued at $412,840,000 after acquiring an additional 65,301 shares during the period. Mediolanum International Funds Ltd lifted its holdings in shares of Arista Networks by 69.4% during the 2nd quarter. Mediolanum International Funds Ltd now owns 444,445 shares of the technology company’s stock valued at $44,173,000 after acquiring an additional 182,031 shares in the last quarter. Swiss National Bank boosted its position in Arista Networks by 7.4% during the 2nd quarter. Swiss National Bank now owns 3,244,900 shares of the technology company’s stock worth $331,986,000 after purchasing an additional 224,800 shares during the period. Finally, ABN AMRO Bank N.V. acquired a new stake in Arista Networks in the 2nd quarter valued at $2,821,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $117.40 on Friday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The stock has a 50-day moving average price of $143.90 and a 200 day moving average price of $122.73. The company has a market capitalization of $147.84 billion, a P/E ratio of 46.18, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on ANET shares. Barclays restated an “overweight” rating and set a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wells Fargo & Company boosted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Evercore ISI upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $164.31.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the completion of the sale, the director directly owned 33,784 shares of the company’s stock, valued at $5,308,142.08. The trade was a 19.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,009,040 shares of company stock valued at $293,922,634 over the last ninety days. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Company 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.