2,528 Shares in Arista Networks, Inc. $ANET Acquired by DeDora Capital Inc.

DeDora Capital Inc. purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,528 shares of the technology company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ANET. Brighton Jones LLC increased its holdings in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new position in Arista Networks in the 4th quarter worth approximately $202,000. Bison Wealth LLC acquired a new position in Arista Networks in the 4th quarter worth approximately $251,000. Cornerstone Wealth Management LLC grew its stake in shares of Arista Networks by 62.4% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,710 shares of the technology company’s stock worth $287,000 after purchasing an additional 1,426 shares during the period. Finally, CWA Asset Management Group LLC grew its stake in shares of Arista Networks by 56.9% during the 1st quarter. CWA Asset Management Group LLC now owns 5,164 shares of the technology company’s stock worth $400,000 after purchasing an additional 1,872 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $143.10 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The firm has a market capitalization of $179.86 billion, a price-to-earnings ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. The business’s 50 day moving average price is $142.11 and its 200-day moving average price is $111.15.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

ANET has been the topic of a number of analyst reports. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Wolfe Research raised their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Evercore ISI raised their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. The Goldman Sachs Group raised their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Citigroup raised their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $163.94.

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 on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 6,622,904 shares of company stock valued at $887,794,521. Company insiders own 3.39% of the company’s stock.

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.