32,426 Shares in Arista Networks, Inc. $ANET Purchased by Hilltop National Bank

Key Points

• Hilltop National Bank acquired 32,426 shares of Arista Networks, valued at approximately $3.3 million, making it the bank's 23rd largest holding.
• Arista Networks reported earnings of $0.73 EPS for the last quarter, exceeding analysts' expectations of $0.65, alongside a year-over-year revenue increase of 30.4%.
• Following strong performance, several analysts have raised their price targets for Arista's stock, with JPMorgan setting a new target of $175, reflecting strong market interest.

Hilltop National Bank bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 32,426 shares of the technology company's stock, valued at approximately $3,318,000. Arista Networks accounts for about 0.9% of Hilltop National Bank's holdings, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of ANET. Vanguard Group Inc. raised its stake in Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after purchasing an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. raised its stake in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares in the last quarter. Nuveen LLC acquired a new stake in Arista Networks in the 1st quarter worth about $933,626,000. Northern Trust Corp raised its stake in Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after purchasing an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after purchasing an additional 2,594,184 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $144.55 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The firm has a 50 day moving average price of $136.91 and a two-hundred day moving average price of $105.93. The stock has a market cap of $181.68 billion, a P/E ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the company posted $0.53 EPS. The company's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. 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, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 6,670,904 shares of company stock valued at $892,841,241. Corporate insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

ANET has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Piper Sandler boosted their target price on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. BNP Paribas upgraded shares of Arista Networks from a "hold" rating to an "outperform" rating in a research report on Thursday, September 25th. UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas Exane upgraded shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective for the company in a research report on Thursday, September 25th. Eighteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.00.

Arista Networks Company Profile

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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