Cerro Pacific Wealth Advisors LLC Boosts Stock Holdings in Arista Networks, Inc. $ANET

Cerro Pacific Wealth Advisors LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 24.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,093 shares of the technology company’s stock after purchasing an additional 814 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Arista Networks were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC increased its holdings in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. HighMark Wealth Management LLC increased its holdings 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 purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the 1st quarter valued at approximately $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks during the 1st quarter valued at approximately $33,000. Finally, Costello Asset Management INC increased its holdings in shares of Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Down 2.4%

Arista Networks stock opened at $154.51 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $162.68. The firm has a market capitalization of $194.19 billion, a price-to-earnings ratio of 60.77, a PEG ratio of 3.21 and a beta of 1.47. The company has a fifty day simple moving average of $140.85 and a 200-day simple moving average of $108.89.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’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, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the subject of several recent analyst reports. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a report on Thursday, September 25th. Melius Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group boosted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Rosenblatt Securities boosted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Finally, Barclays boosted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.94.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the transaction, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock valued at $894,021,161 over the last 90 days. 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.