Argonautica Private Wealth Management Inc. Takes Position in Arista Networks, Inc. $ANET

Argonautica Private Wealth Management Inc. acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,654 shares of the technology company’s stock, valued at approximately $783,000.

Other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after purchasing an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Arista Networks during the 1st quarter worth approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Trilogy Capital Inc. raised its position in shares of Arista Networks by 13.7% during the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock worth $1,985,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Arista Networks during the 2nd quarter worth approximately $212,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock valued at $895,788,521 in the last ninety days. Company insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. Wolfe Research lifted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Evercore ISI lifted their target price 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. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Stock Performance

ANET stock opened at $145.87 on Wednesday. The stock has a market capitalization of $183.34 billion, a P/E ratio of 57.37, a PEG ratio of 3.05 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The company has a 50 day moving average price of $142.38 and a two-hundred day moving average price of $112.24.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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.