REAP Financial Group LLC Has $34,000 Stock Holdings in Arista Networks, Inc. $ANET

REAP Financial Group LLC raised its position in Arista Networks, Inc. (NYSE:ANET) by 108.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 337 shares of the technology company’s stock after purchasing an additional 175 shares during the period. REAP Financial Group LLC’s holdings in Arista Networks were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC grew its holdings in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks in the 1st quarter valued at $30,000. Saudi Central Bank acquired a new position in Arista Networks in the 1st quarter valued at $33,000. Costello Asset Management INC grew its holdings in Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after buying an additional 143 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,678,904 shares of company stock worth $894,021,161 in the last ninety days. 3.39% of the stock is owned by insiders.

Arista Networks Stock Up 8.3%

Shares of ANET stock opened at $157.37 on Thursday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $158.51. The company has a market cap of $197.79 billion, a P/E ratio of 61.90, a P/E/G ratio of 3.03 and a beta of 1.47. The business has a fifty day simple moving average of $139.41 and a 200 day simple moving average of $107.74.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data 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 the consensus estimate of $2.11 billion. During the same period in the prior year, the company earned $0.53 EPS. Arista Networks’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research reports. Wolfe Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. KeyCorp upped their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research report on Thursday, September 25th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

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.