Capital Advisory Group Advisory Services LLC Buys New Holdings in Arista Networks, Inc. $ANET

Capital Advisory Group Advisory Services LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,289 shares of the technology company’s stock, valued at approximately $234,000.

Other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC lifted its holdings in shares of Arista Networks by 179.7% in the first 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 Arista Networks during the first quarter valued at $30,000. Saudi Central Bank bought a new stake in Arista Networks in the 1st quarter valued at $33,000. McIlrath & Eck LLC purchased a new stake in Arista Networks in the 4th quarter worth $35,000. Finally, Tradewinds Capital Management LLC lifted its stake in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after purchasing an additional 143 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. KeyCorp lifted their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Redburn Atlantic started coverage on Arista Networks in a report on Wednesday, May 28th. They set a “buy” rating and a $112.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.88.

Arista Networks Stock Up 0.4%

Shares of NYSE:ANET opened at $142.68 on Thursday. The business’s 50 day moving average is $129.23 and its 200 day moving average is $101.21. The stock has a market cap of $179.33 billion, a P/E ratio of 56.12, a price-to-earnings-growth ratio of 2.96 and a beta of 1.50. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET) last issued its 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. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction 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 sale, the senior vice president owned 12,976 shares of the company’s stock, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,526,614 shares of company stock worth $975,547,217. 3.39% of the stock is currently owned by corporate insiders.

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.