Spire Wealth Management Has $5.70 Million Stock Holdings in Arista Networks, Inc. $ANET

Spire Wealth Management cut its holdings in Arista Networks, Inc. (NYSE:ANET) by 54.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,004 shares of the technology company’s stock after selling 69,278 shares during the quarter. Spire Wealth Management’s holdings in Arista Networks were worth $5,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.8% in the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock valued at $7,581,955,000 after buying an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Arista Networks by 9.0% in the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Arista Networks in the first quarter valued at $933,626,000. Northern Trust Corp increased its stake in shares of Arista Networks by 3.7% in the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after buying an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after buying an additional 2,594,184 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,333,040 shares of company stock worth $612,568,337. Insiders own 3.39% of the company’s stock.

Arista Networks Trading Up 3.4%

Shares of ANET opened at $162.07 on Thursday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The stock has a market cap of $203.70 billion, a P/E ratio of 63.74, a price-to-earnings-growth ratio of 3.26 and a beta of 1.47. The stock’s 50-day moving average price is $144.70 and its two-hundred day moving average price is $116.00.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the business earned $0.53 earnings per share. The company’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

ANET has been the topic of several recent research reports. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Rosenblatt Securities raised their price target on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. Wells Fargo & Company raised their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a report on Thursday, September 25th. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

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.