AIFG Consultants Ltd. Acquires New Position in Arista Networks, Inc. $ANET

Key Points

• AIFG Consultants Ltd. has acquired a new position in Arista Networks, Inc., buying 3,277 shares valued at approximately $335,000 in the second quarter.
• Several hedge funds have increased their stakes in Arista Networks, contributing to institutional investors owning 82.47% of the stock.
• Analysts are optimistic, with nineteen brokers giving the stock a Buy rating and raising the average target price to $162.00.

AIFG Consultants Ltd. bought a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,277 shares of the technology company's stock, valued at approximately $335,000.

Other hedge funds also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC increased its holdings in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank purchased a new position in Arista Networks in the first quarter valued at about $33,000. Tradewinds Capital Management LLC increased its holdings in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after buying an additional 143 shares in the last quarter. Finally, Costello Asset Management INC increased its holdings in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after buying an additional 154 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ANET. Morgan Stanley increased their target price on shares of Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Melius Research raised their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. BNP Paribas raised shares of Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. William Blair reissued an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Nineteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company's stock, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares of the company's stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,678,904 shares of company stock valued at $894,021,161. Company insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

ANET stock opened at $145.51 on Friday. The stock has a market capitalization of $182.88 billion, a P/E ratio of 57.23, a PEG ratio of 3.01 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The company has a 50 day moving average price of $137.53 and a two-hundred day moving average price of $106.35.

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