Consolidated Portfolio Review Corp Invests $248,000 in Arista Networks, Inc. $ANET

Consolidated Portfolio Review Corp purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,420 shares of the technology company’s stock, valued at approximately $248,000.

Other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC boosted its position 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 valued at $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks during the first quarter valued at $30,000. Saudi Central Bank bought a new position in Arista Networks during the first quarter valued at $33,000. Tradewinds Capital Management LLC grew its stake in shares of 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 buying an additional 143 shares in the last quarter. Finally, Costello Asset Management INC increased its holdings in shares of Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 3.2%

NYSE:ANET opened at $144.55 on Friday. The company has a market cap of $181.68 billion, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The stock has a fifty day simple moving average of $136.91 and a 200-day simple moving average of $105.93.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ANET. Needham & Company LLC lifted their price target on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Morgan Stanley raised their price objective on Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Citigroup increased their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, UBS Group lifted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’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 transaction, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,670,904 shares of company stock worth $892,841,241. 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.