Whalen Wealth Management Inc. Invests $963,000 in Arista Networks, Inc. $ANET

Whalen Wealth Management Inc. purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the second quarter, HoldingsChannel.com reports. The fund purchased 9,410 shares of the technology company’s stock, valued at approximately $963,000.

A number of other hedge funds 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 bought a new position in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC bought a new position in Arista Networks in the 4th quarter valued at approximately $251,000. Transcend Capital Advisors LLC bought a new position in Arista Networks in the 1st quarter valued at approximately $210,000. Finally, Golden State Wealth Management LLC lifted its position in Arista Networks by 564.6% in the 1st quarter. Golden State Wealth Management LLC now owns 4,732 shares of the technology company’s stock valued at $367,000 after acquiring an additional 4,020 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 directly owned 5,698,074 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the transaction, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 5,213,220 shares of company stock valued at $722,406,000. 3.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. UBS Group upped their target price on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research note on Thursday, September 25th. The Goldman Sachs Group upped their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, KeyCorp upped their target price 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. Nineteen investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

Arista Networks Price Performance

NYSE ANET opened at $156.93 on Wednesday. The business’s fifty day moving average price is $144.09 and its 200-day moving average price is $115.37. The stock has a market capitalization of $197.24 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.26 and a beta of 1.47. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $162.68.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Equities research 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.