Heartland Bank & Trust Co Buys 148 Shares of Arista Networks, Inc. $ANET

Heartland Bank & Trust Co raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,568 shares of the technology company’s stock after buying an additional 148 shares during the period. Heartland Bank & Trust Co’s holdings in Arista Networks were worth $774,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ANET. Brighton Jones LLC raised its holdings in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks during the fourth quarter valued at about $202,000. Bison Wealth LLC bought a new position in Arista Networks during the fourth quarter valued at about $251,000. Dynamic Advisor Solutions LLC raised its holdings in Arista Networks by 22.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 22,036 shares of the technology company’s stock valued at $1,707,000 after buying an additional 3,981 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in Arista Networks during the first quarter valued at about $447,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Down 4.3%

ANET stock opened at $147.45 on Tuesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The company has a market cap of $185.32 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. The business’s 50-day simple moving average is $141.39 and its 200 day simple moving average is $109.58.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business earned $0.53 earnings per share. The firm’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, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

ANET has been the topic of several research analyst reports. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Arista Networks in a research report on Saturday, September 27th. Needham & Company LLC raised their price target on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Piper Sandler raised their price target on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly 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. Insiders have sold a total of 6,678,904 shares of company stock valued at $894,021,161 over the last three months. 3.54% of the stock is owned by corporate insiders.

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.