West Family Investments Inc. Makes New Investment in Arista Networks, Inc. $ANET

by · The Cerbat Gem

West Family Investments Inc. acquired a new stake in Arista Networks, Inc. (NYSE:ANET – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,288 shares of the technology company’s stock, valued at approximately $848,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks during the 4th quarter worth approximately $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks during the 4th quarter worth approximately $251,000. Foundations Investment Advisors LLC raised its stake in Arista Networks by 3.7% in the 1st quarter. Foundations Investment Advisors LLC now owns 7,059 shares of the technology company’s stock valued at $547,000 after acquiring an additional 249 shares during the period. Finally, Vestcor Inc boosted its position in Arista Networks by 7.4% during the first quarter. Vestcor Inc now owns 21,135 shares of the technology company’s stock worth $1,638,000 after purchasing an additional 1,455 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective 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. Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, Citigroup upped their price target on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Check Out Our Latest Research Report on ANET

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the transaction, the insider owned 12,976 shares in the company, valued at $1,668,843.36. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $117.15, for a total transaction of $49,437.30. Following the completion of the transaction, the director directly owned 8,980 shares of the company’s stock, valued at $1,052,007. This trade represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,009,464 shares of company stock valued at $293,774,712. 3.39% of the stock is owned by corporate insiders.

Arista Networks Trading Up 2.8%

Shares of NYSE:ANET opened at $131.25 on Friday. The firm has a 50 day moving average of $142.06 and a 200-day moving average of $124.06. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The stock has a market capitalization of $165.28 billion, a PE ratio of 51.62, a PEG ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET – Get Free Report) 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 net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm posted $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. On average, research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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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