Wakefield Asset Management LLLP Acquires Shares of 2,574 Arista Networks, Inc. $ANET

Wakefield Asset Management LLLP acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,574 shares of the technology company’s stock, valued at approximately $263,000.

A number of other institutional investors have also added to or reduced their stakes in ANET. Brighton Jones LLC grew its holdings in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Arista Networks during the 4th quarter valued at approximately $202,000. Bison Wealth LLC purchased a new stake in Arista Networks during the 4th quarter valued at approximately $251,000. Golden State Wealth Management LLC grew its holdings in Arista Networks by 564.6% during the 1st quarter. Golden State Wealth Management LLC now owns 4,732 shares of the technology company’s stock valued at $367,000 after buying an additional 4,020 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Arista Networks by 2.9% during the 1st quarter. D.A. Davidson & CO. now owns 20,451 shares of the technology company’s stock valued at $1,585,000 after acquiring an additional 569 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Down 0.5%

Shares of ANET opened at $157.64 on Monday. The company has a market cap of $198.13 billion, a PE ratio of 62.00, a P/E/G ratio of 3.37 and a beta of 1.47. The business has a fifty day moving average of $145.72 and a 200 day moving average of $117.50. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results 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. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares in the company, 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 this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction 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 completion of the sale, the insider owned 12,976 shares in the company, valued at approximately $1,852,324. The trade was a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,325,040 shares of company stock worth $611,632,257 over the last three months. 3.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ANET shares. Citigroup increased their target price on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research report on Thursday, September 25th. Evercore ISI increased their target price on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Rosenblatt Securities increased their target price on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, September 12th. Finally, Piper Sandler increased their target price on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.