Baugh & Associates LLC Takes $1.91 Million Position in Arista Networks, Inc. $ANET
Baugh & Associates LLC has acquired a new stake in Arista Networks, Inc. (NYSE:ANET) valued at approximately $1.91 million, purchasing 18,633 shares in the second quarter. Other institutional investors have also increased their positions in the company. Analyst ratings for Arista Networks vary, with a mix of buy and hold ratings, and the stock currently has a market cap of $187.91 billion. The company reported strong earnings, beating estimates with $0.73 EPS and $2.20 billion in revenue for the last quarter, reflecting a 30.4% year-over-year increase.
Baugh & Associates LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,633 shares of the technology company's stock, valued at approximately $1,906,000.
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Other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC grew its stake in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks during the first quarter worth $30,000. Ameriflex Group Inc. acquired a new stake in shares of Arista Networks during the fourth quarter worth $46,000. Saudi Central Bank acquired a new stake in shares of Arista Networks during the first quarter worth $33,000. Finally, Costello Asset Management INC grew its stake in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after purchasing an additional 154 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ANET has been the subject of a number of analyst reports. BNP Paribas cut Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. KeyCorp lifted their target price on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Redburn Atlantic began coverage on Arista Networks in a report on Wednesday, May 28th. They set a "buy" rating and a $112.00 target price on the stock. Wedbush began coverage on Arista Networks in a report on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, Barclays lifted their target price on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $157.88.
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Read Our Latest Research Report on ANET
Arista Networks Stock Performance
NYSE:ANET opened at $149.51 on Friday. The stock's 50-day simple moving average is $130.85 and its 200 day simple moving average is $102.17. The company has a market cap of $187.91 billion, a P/E ratio of 58.80, a P/E/G ratio of 3.12 and a beta of 1.50. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.
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Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for 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 quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.
Insider Transactions at Arista Networks
In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the transaction, the insider owned 12,976 shares of the company's stock, valued at $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,582,614 shares of company stock worth $983,487,717. 3.39% of the stock is owned by company insiders.
Arista Networks Company Profile
(Free Report)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.
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