AMJ Financial Wealth Management Grows Stake in Arista Networks, Inc. $ANET

Core Viewpoint - Arista Networks, Inc. has seen significant increases in institutional investments and positive analyst sentiment, indicating strong growth potential and market confidence in the company's future performance [2][3][4]. Institutional Holdings - AMJ Financial Wealth Management increased its holdings in Arista Networks by 46.5% in Q3, owning 83,789 shares valued at $12,209,000, making it the 8th largest holding in their portfolio [2]. - Other institutional investors have also increased their stakes significantly, with Bare Financial Services Inc increasing by 2,118.2%, Richardson Financial Services Inc by 141.3%, and SJS Investment Consulting Inc by 979.2% in Q3 [3]. - Currently, 82.47% of Arista Networks' stock is owned by institutional investors and hedge funds [3]. Analyst Ratings and Price Targets - Rosenblatt Securities raised its price target for Arista Networks from $140.00 to $165.00, maintaining a "neutral" rating [4]. - Piper Sandler set a new price target of $175.00, up from $159.00, while Wells Fargo increased its target from $175.00 to $185.00, both maintaining "overweight" ratings [4]. - Evercore set a target price of $200.00, and Goldman Sachs raised its target from $165.00 to $188.00, reaffirming a "buy" rating [4]. - The average rating for Arista Networks is "Moderate Buy" with an average price target of $175.44 [4]. Company Performance - Arista Networks reported earnings of $0.82 per share for the quarter ending February 12, exceeding analysts' expectations of $0.75 by $0.07 [7]. - The company achieved revenue of $2.49 billion, surpassing expectations of $2.38 billion, with a year-over-year revenue growth of 28.9% [7]. - The company has a market capitalization of $166.76 billion, a PE ratio of 48.09, and a price-to-earnings-growth ratio of 2.51 [6]. Insider Activity - CEO Jayshree Ullal sold 24,042 shares at an average price of $124.55, resulting in a 70.80% decrease in her ownership [8]. - Director Charles H. Giancarlo sold 8,000 shares at an average price of $140.43, leading to a 44.98% decrease in his ownership [8]. - In total, insiders sold 218,042 shares worth $28,561,131 in the last quarter, with insiders owning 3.39% of the company's stock [8]. Company Overview - Arista Networks designs and sells cloud networking solutions for large-scale data centers and enterprise environments, focusing on high-performance switching and routing platforms [9]. - The company's products emphasize programmability, automation, and telemetry to support modern, software-driven network architectures [10].