Ritholtz Wealth Management Boosts Stock Position in Arista Networks, Inc. $ANET

Ritholtz Wealth Management raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 16.0% in the 2nd quarter, Holdings Channel reports. The fund owned 6,689 shares of the technology company’s stock after acquiring an additional 925 shares during the quarter. Ritholtz Wealth Management’s holdings in Arista Networks were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ANET. HighMark Wealth Management LLC raised its stake in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $33,000. REAP Financial Group LLC raised its stake in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its stake in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after buying an additional 143 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Arista Networks stock opened at $143.10 on Friday. The stock has a fifty day moving average of $142.11 and a two-hundred day moving average of $111.15. The company has a market capitalization of $179.86 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 2.98 and a beta of 1.47. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company 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%.Arista Networks’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ANET shares. Morgan Stanley set a $171.00 target price on Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Evercore ISI increased their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a research note on Thursday, September 25th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Nineteen equities research 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, Arista Networks presently has an average rating of “Moderate Buy” and a consensus target price of $163.94.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s 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 owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 6,622,904 shares of company stock worth $887,794,521 over the last ninety days. Company insiders own 3.39% of the company’s stock.

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.