Optimum Investment Advisors Acquires 765 Shares of Arista Networks, Inc. $ANET

Optimum Investment Advisors increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 145.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,290 shares of the technology company’s stock after buying an additional 765 shares during the quarter. Optimum Investment Advisors’ holdings in Arista Networks were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares in the last quarter. Nuveen LLC bought a new position in Arista Networks in the first quarter valued at about $933,626,000. Northern Trust Corp boosted its stake in shares of Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after purchasing an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 6,617,342 shares of company stock valued at $888,707,954 over the last 90 days. Company insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the company an “overweight” rating in a report on Friday, October 10th. KeyCorp raised their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Barclays lifted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. The Goldman Sachs Group boosted 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, Wells Fargo & Company boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.94.

Arista Networks Price Performance

Shares of ANET opened at $154.32 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The company has a market capitalization of $193.96 billion, a price-to-earnings ratio of 60.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. The business has a 50-day moving average of $143.22 and a 200-day moving average of $113.95.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) 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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.