Aberdeen Group plc Acquires 44,117 Shares of Arista Networks, Inc. $ANET

Key Points

• Aberdeen Group plc increased its investment in Arista Networks by 4.7%, acquiring an additional 44,117 shares, bringing its total holdings to 990,892 shares valued at approximately $101.4 million.
• Analysts have mixed sentiments about Arista Networks, with Zacks downgrading it to "hold" and Wells Fargo adjusting its price target up to $175, reflecting diverse outlooks among investment firms.
• CEO Jayshree Ullal sold a significant portion of stock, totaling 1,785,165 shares valued at over $243 million, reducing her holdings by nearly 24%.

Aberdeen Group plc boosted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 990,892 shares of the technology company's stock after purchasing an additional 44,117 shares during the quarter. Aberdeen Group plc owned about 0.08% of Arista Networks worth $101,378,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in shares of Arista Networks during the first quarter valued at approximately $629,000. Commonwealth Equity Services LLC increased its holdings in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks during the first quarter valued at approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arista Networks by 94.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock valued at $50,363,000 after acquiring an additional 316,309 shares in the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of Arista Networks by 2,317.5% during the first quarter. Dunhill Financial LLC now owns 6,358 shares of the technology company's stock valued at $493,000 after acquiring an additional 6,095 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ANET. Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Piper Sandler upped their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Arista Networks in a report on Saturday, September 27th. 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 data from MarketBeat, Arista Networks has an average rating of "Moderate Buy" and an average price target of $163.94.

Arista Networks Trading Down 2.4%

Shares of Arista Networks stock opened at $154.51 on Friday. The stock has a fifty day simple moving average of $140.85 and a 200 day simple moving average of $108.70. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The company has a market capitalization of $194.19 billion, a P/E ratio of 60.77, a price-to-earnings-growth ratio of 3.30 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business's revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current 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 on Wednesday, August 6th. The stock was 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 owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 6,678,904 shares of company stock valued at $894,021,161. 3.39% of the stock is owned by corporate insiders.

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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