Arista Networks, Inc. $ANET Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 9.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,181 shares of the technology company’s stock after purchasing an additional 2,016 shares during the quarter. Bleakley Financial Group LLC’s holdings in Arista Networks were worth $2,372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ANET. Brighton Jones LLC boosted its position in shares of 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 purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the 4th quarter worth $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the 4th quarter worth $251,000. Golden State Equity Partners boosted its position in shares of Arista Networks by 24.2% in the 1st quarter. Golden State Equity Partners now owns 2,849 shares of the technology company’s stock worth $221,000 after purchasing an additional 556 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Arista Networks by 1,275.6% in the 1st quarter. Golden State Wealth Management LLC now owns 9,794 shares of the technology company’s stock worth $759,000 after purchasing an additional 9,082 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE ANET opened at $154.32 on Friday. The stock has a 50-day simple moving average of $143.22 and a two-hundred day simple moving average of $113.64. The firm has a market capitalization of $193.96 billion, a P/E ratio of 60.70, a PEG ratio of 3.18 and a beta of 1.47. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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 business had revenue of $2.20 billion during 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 company’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,617,342 shares of company stock valued at $888,707,954 in the last quarter. Company insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the topic of several research analyst reports. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Piper Sandler boosted their price target on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Finally, KeyCorp boosted their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.94.

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.