Soltis Investment Advisors LLC Boosts Stock Position in Arista Networks, Inc. $ANET

Soltis Investment Advisors LLC lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 99.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,428 shares of the technology company’s stock after acquiring an additional 20,141 shares during the period. Soltis Investment Advisors LLC’s holdings in Arista Networks were worth $4,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth about $202,000. Bison Wealth LLC purchased a new stake in Arista Networks in the 4th quarter valued at about $251,000. Concurrent Investment Advisors LLC lifted its position in Arista Networks by 8.9% in the first quarter. Concurrent Investment Advisors LLC now owns 16,886 shares of the technology company’s stock valued at $1,308,000 after buying an additional 1,374 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Arista Networks by 7.6% during the first quarter. TD Private Client Wealth LLC now owns 19,638 shares of the technology company’s stock worth $1,522,000 after buying an additional 1,392 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. This represents a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,202,019 shares of company stock valued at $321,318,411 in the last ninety days. Insiders own 3.39% of the company’s stock.

Arista Networks Stock Down 8.5%

Shares of Arista Networks stock opened at $140.47 on Thursday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The company has a market capitalization of $176.55 billion, a P/E ratio of 55.25, a P/E/G ratio of 3.37 and a beta of 1.48. The company has a 50 day moving average of $146.74 and a 200 day moving average of $118.84.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the business earned $2.40 EPS. Arista Networks has set its Q4 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ANET shares. Piper Sandler reissued a “neutral” rating and issued a $145.00 price target (up from $143.00) on shares of Arista Networks in a research note on Wednesday. Wells Fargo & Company raised their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. The Goldman Sachs Group raised their price objective 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, BNP Paribas Exane raised 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. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks 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.