Golden State Wealth Management LLC Grows Stock Position in Arista Networks, Inc. $ANET

Golden State Wealth Management LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,128 shares of the technology company’s stock after acquiring an additional 396 shares during the quarter. Golden State Wealth Management LLC’s holdings in Arista Networks were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after purchasing an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks in the 1st quarter worth approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Arista Networks by 94.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after buying an additional 316,309 shares during the period. Trilogy Capital Inc. increased its stake in shares of Arista Networks by 13.7% during the first quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after buying an additional 3,079 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of Arista Networks during the second quarter valued at approximately $212,000. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,009,040 shares of company stock worth $294,365,034 in the last quarter. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Stock Down 4.6%

Arista Networks stock 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 market capitalization of $168.41 billion, a P/E ratio of 52.70, a PEG ratio of 3.37 and a beta of 1.48. The stock’s 50 day moving average is $146.69 and its 200 day moving average is $118.95.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the business earned $2.40 earnings per share. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.