Keystone Financial Services Takes Position in Arista Networks, Inc. $ANET

Keystone Financial Services purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,396 shares of the technology company’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of 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 in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks during the fourth quarter worth $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks during the fourth quarter valued at $251,000. Financial Counselors Inc. boosted its holdings in Arista Networks by 69.0% in the first quarter. Financial Counselors Inc. now owns 3,340 shares of the technology company’s stock valued at $259,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in 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 period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of several recent research reports. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley set a $171.00 target price on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. UBS Group lifted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Barclays reaffirmed an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Stock Up 0.4%

Arista Networks stock opened at $134.62 on Friday. The company has a 50 day moving average of $146.66 and a 200-day moving average of $119.41. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The stock has a market capitalization of $169.20 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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

Insider Activity

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the transaction, the director owned 33,784 shares of the company’s stock, valued at $5,308,142.08. The trade was a 19.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’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 completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was 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 over the last three months. Corporate insiders own 3.39% of the company’s stock.

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.