Crestwood Advisors Group LLC Purchases 1,652 Shares of Arista Networks, Inc. $ANET

Crestwood Advisors Group LLC raised its position in Arista Networks, Inc. (NYSE:ANET) by 31.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,930 shares of the technology company’s stock after purchasing an additional 1,652 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Arista Networks were worth $709,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new position in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC bought a new position in shares of Arista Networks during the fourth quarter valued at $251,000. Financial Counselors Inc. lifted its holdings in shares of Arista Networks by 69.0% during the first quarter. Financial Counselors Inc. now owns 3,340 shares of the technology company’s stock worth $259,000 after purchasing an additional 1,364 shares during the period. Finally, Stratos Wealth Advisors LLC grew its stake in shares of Arista Networks by 49.5% in the first quarter. Stratos Wealth Advisors LLC now owns 7,026 shares of the technology company’s stock worth $544,000 after purchasing an additional 2,326 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Wells Fargo & Company raised their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. KeyCorp upped their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their price target on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Melius Research upped their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Stock Down 4.6%

NYSE:ANET opened at $133.99 on Friday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The company has a fifty day moving average of $146.69 and a 200-day moving average of $118.95. The firm has a market capitalization of $168.41 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $2.40 earnings per share. Arista Networks’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’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 in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the company’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 transaction, the insider directly owned 12,976 shares in the company, valued at $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,009,040 shares of company stock worth $294,365,034 in the last three months. Company insiders own 3.39% of the company’s stock.

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.