Denali Advisors LLC Has $1.81 Million Stock Position in Arista Networks, Inc. $ANET

Denali Advisors LLC lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 2.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,734 shares of the technology company’s stock after selling 401 shares during the period. Denali Advisors LLC’s holdings in Arista Networks were worth $1,814,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighMark Wealth Management LLC grew its stake 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 during the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks in the 1st quarter valued at about $30,000. Saudi Central Bank acquired a new position in Arista Networks in the 1st quarter valued at about $33,000. REAP Financial Group LLC grew its stake in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its stake 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 during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $145.87 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The firm has a market capitalization of $183.34 billion, a P/E ratio of 57.37, a P/E/G ratio of 3.05 and a beta of 1.47. The company’s 50 day moving average price is $142.38 and its two-hundred day moving average price is $112.24.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 net margin of 40.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ANET shares. William Blair restated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Citigroup increased their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Evercore ISI increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. UBS Group increased their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price 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 shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 6,678,904 shares of company stock worth $895,788,521 over the last ninety days. 3.54% of the stock is owned by company insiders.

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.