Elevate Capital Advisors LLC Acquires New Stake in Arista Networks, Inc. $ANET

Elevate Capital Advisors LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,402 shares of the technology company’s stock, valued at approximately $1,576,000.

Other hedge funds also recently bought and sold shares of the company. HighMark Wealth Management LLC increased its position in Arista Networks by 179.7% during the first 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 purchased a new stake in Arista Networks during the first quarter valued at $33,000. Tradewinds Capital Management LLC increased its position in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after acquiring an additional 143 shares during the last quarter. Finally, Costello Asset Management INC increased its position in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after acquiring an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ANET. Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a research report on Saturday, September 27th. Citigroup upped their price target on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a research report on Thursday, September 25th. UBS Group upped their price target on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Nineteen equities research 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.

Arista Networks Stock Up 0.7%

NYSE ANET opened at $145.51 on Friday. The firm has a market cap of $182.88 billion, a price-to-earnings ratio of 57.23, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business has a 50-day moving average price of $137.53 and a 200-day moving average price of $106.35. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32.

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

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 that occurred 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 in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 6,678,904 shares of company stock worth $894,021,161. 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.