Advisors Asset Management Inc. Acquires 15,066 Shares of Arista Networks, Inc. $ANET

Key Points

• Advisors Asset Management Inc. increased its holdings in Arista Networks, Inc. by 18.2% during the 1st quarter, now owning 97,937 shares valued at approximately $7.6 million.
• Equities analysts have issued mixed ratings, with Goldman Sachs and Needham & Company increasing their price targets to $155, while BNP Paribas Exane downgraded the stock.
• CEO Jayshree Ullal sold 1.8 million shares of Arista Networks stock on August 6, representing a 23.86% decrease in their position, valued at over $243 million.

Advisors Asset Management Inc. increased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 18.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,937 shares of the technology company's stock after buying an additional 15,066 shares during the quarter. Advisors Asset Management Inc.'s holdings in Arista Networks were worth $7,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nuveen LLC purchased a new position in shares of Arista Networks in the first quarter worth about $933,626,000. Nuveen Asset Management LLC raised its position in Arista Networks by 330.8% in the 4th quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock valued at $1,248,169,000 after purchasing an additional 8,671,235 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arista Networks by 278.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock worth $955,126,000 after purchasing an additional 6,357,753 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Arista Networks by 329.5% during the 4th quarter. Deutsche Bank AG now owns 6,397,154 shares of the technology company's stock worth $707,077,000 after buying an additional 4,907,742 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Arista Networks by 297,109.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,462,488 shares of the technology company's stock worth $382,709,000 after purchasing an additional 3,461,323 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANET. Barclays reiterated an "overweight" rating and set a $151.00 price objective (up from $119.00) on shares of Arista Networks in a research note on Thursday, August 7th. UBS Group increased their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Redburn Atlantic assumed coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target for the company. Finally, Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.79.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 5,839,614 shares of company stock valued at $724,163,153. Company insiders own 3.54% of the company's stock.

Arista Networks Price Performance

ANET stock traded down $1.27 during mid-day trading on Monday, reaching $141.59. The company had a trading volume of 3,465,626 shares, compared to its average volume of 10,296,995. The company has a market capitalization of $177.95 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 3.36 and a beta of 1.49. The firm has a 50 day moving average of $122.49 and a 200 day moving average of $98.49. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $145.46.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the firm posted $0.53 EPS. Arista Networks's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.