Parallel Advisors LLC Has $6.10 Million Position in Arista Networks, Inc. $ANET

Parallel Advisors LLC increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 59,658 shares of the technology company’s stock after purchasing an additional 3,601 shares during the quarter. Parallel Advisors LLC’s holdings in Arista Networks were worth $6,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fox Hill Wealth Management lifted its position in shares of Arista Networks by 4.4% in the 2nd quarter. Fox Hill Wealth Management now owns 35,179 shares of the technology company’s stock worth $3,599,000 after acquiring an additional 1,470 shares during the period. Wesbanco Bank Inc. raised its stake in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after purchasing an additional 100 shares in the last quarter. Whitaker Myers Wealth Managers LTD. lifted its position in Arista Networks by 14.3% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 7,516 shares of the technology company’s stock worth $769,000 after purchasing an additional 938 shares during the period. OMNI 360 Wealth Inc. boosted its stake in Arista Networks by 71.5% during the second quarter. OMNI 360 Wealth Inc. now owns 4,804 shares of the technology company’s stock worth $491,000 after buying an additional 2,003 shares in the last quarter. Finally, Centurion Wealth Management LLC increased its holdings in Arista Networks by 6.2% in the 2nd quarter. Centurion Wealth Management LLC now owns 3,052 shares of the technology company’s stock valued at $312,000 after buying an additional 178 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Up 4.3%

NYSE:ANET opened at $145.45 on Tuesday. The stock has a market capitalization of $182.81 billion, a P/E ratio of 57.21, a price-to-earnings-growth ratio of 3.28 and a beta of 1.49. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The firm has a 50 day moving average of $127.73 and a 200-day moving average of $100.63.

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, beating analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the firm posted $0.53 EPS. The business’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

ANET has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC upped their price objective on Arista Networks from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Melius Research increased their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup boosted their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.56.

Insider Activity

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president owned 12,976 shares in the company, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,526,614 shares of company stock worth $975,547,217. 3.54% of the stock is owned by corporate insiders.

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.