AMJ Financial Wealth Management Invests $5.85 Million in Arista Networks, Inc. $ANET

AMJ Financial Wealth Management acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, HoldingsChannel reports. The firm acquired 57,210 shares of the technology company’s stock, valued at approximately $5,853,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC raised its stake in shares of Arista Networks by 2.5% during the second quarter. Beacon Pointe Advisors LLC now owns 5,996 shares of the technology company’s stock valued at $613,000 after acquiring an additional 149 shares during the last quarter. Westerkirk Capital Inc. bought a new position in Arista Networks during the 2nd quarter worth $3,799,000. Timucuan Asset Management Inc. FL lifted its holdings in Arista Networks by 0.8% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,181,562 shares of the technology company’s stock worth $120,886,000 after buying an additional 9,816 shares during the period. OMERS ADMINISTRATION Corp grew its position in shares of Arista Networks by 11.0% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 69,843 shares of the technology company’s stock valued at $7,146,000 after buying an additional 6,900 shares during the last quarter. Finally, Solidarity Wealth LLC bought a new stake in shares of Arista Networks in the 2nd quarter valued at about $387,000. 82.47% of the stock is owned by institutional investors.

Insider Activity at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $117.15, for a total transaction of $49,437.30. Following the transaction, the director owned 8,980 shares of the company’s stock, valued at $1,052,007. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the sale, the director owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,009,464 shares of company stock valued at $293,774,712. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $128.05 on Tuesday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The business’s 50 day moving average price is $141.71 and its two-hundred day moving average price is $124.66. The firm has a market cap of $161.26 billion, a PE ratio of 50.37, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Needham & Company LLC increased their target price on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a report on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Arista Networks in a research report on Monday, November 24th. Finally, UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $164.31.

About Arista Networks

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.