40,509 Shares in Arista Networks, Inc. $ANET Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new position in Arista Networks by purchasing 40,509 shares valued at approximately $3.14 million in the first quarter.
• CEO Jayshree Ullal sold over 1.24 million shares of Arista Networks at an average price of $148.53, reducing her stake in the company by 18.82%.
• The stock has been recently upgraded by multiple analysts, with JPMorgan Chase raising its price target from $150 to $175 and maintaining an "overweight" rating.

AG2R LA Mondiale Gestion D Actifs bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 40,509 shares of the technology company's stock, valued at approximately $3,139,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB raised its stake in Arista Networks by 4.9% in the 1st quarter. Swedbank AB now owns 7,081,391 shares of the technology company's stock worth $548,666,000 after acquiring an additional 330,598 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Arista Networks by 102.1% during the 1st quarter. Voya Investment Management LLC now owns 3,086,504 shares of the technology company's stock valued at $239,142,000 after buying an additional 1,559,453 shares during the last quarter. eCIO Inc. purchased a new position in shares of Arista Networks during the 1st quarter valued at about $36,000. Cim LLC raised its stake in shares of Arista Networks by 62.0% during the 1st quarter. Cim LLC now owns 191,915 shares of the technology company's stock valued at $14,870,000 after buying an additional 73,470 shares during the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Arista Networks during the 1st quarter valued at about $2,766,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analyst Ratings Changes

ANET has been the subject of a number of recent research reports. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup lifted their price target on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research note on Friday. Redburn Atlantic initiated coverage on Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target for the company. Finally, William Blair restated an "outperform" rating on shares of Arista Networks in a research note on Friday. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $157.56.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the transaction, the senior vice president owned 12,976 shares in the company, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,582,614 shares of company stock worth $980,712,097. Insiders own 3.39% of the company's stock.

Arista Networks Trading Down 8.9%

ANET stock opened at $139.35 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The stock has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 3.60 and a beta of 1.50. The business's 50-day moving average is $126.85 and its 200 day moving average is $100.18.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the firm posted $0.53 EPS. Arista Networks'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 fiscal year.

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.

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