Andrew Hill Investment Advisors Inc. Acquires Shares of 5,253 Arista Networks, Inc. $ANET

Key Points

• Andrew Hill Investment Advisors Inc. has acquired 5,253 shares of Arista Networks, Inc. valued at approximately $537,000 in the second quarter.
• Arista Networks reported $2.2 billion in revenue for the quarter, exceeding estimates, with earnings per share of $0.73, above the consensus of $0.65.
• CEO Jayshree Ullal sold 1,785,165 shares at an average price of $136.22, resulting in a significant decrease in her ownership by 23.86%.

Andrew Hill Investment Advisors Inc. bought a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,253 shares of the technology company's stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new position in Arista Networks in the first quarter valued at about $933,626,000. AQR Capital Management LLC lifted its position in Arista Networks by 153.8% during the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock valued at $584,119,000 after purchasing an additional 4,678,372 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. Amundi grew its position in shares of Arista Networks by 35.3% during the 1st quarter. Amundi now owns 8,582,109 shares of the technology company's stock worth $611,852,000 after buying an additional 2,240,045 shares during the period. Finally, Bristol John W & Co. Inc. NY lifted its holdings in Arista Networks by 291.2% in the fourth quarter. Bristol John W & Co. Inc. NY now owns 2,756,449 shares of the technology company's stock valued at $304,670,000 after buying an additional 2,051,770 shares during the period. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Up 0.4%

Shares of Arista Networks stock opened at $142.68 on Thursday. The stock has a market cap of $179.33 billion, a P/E ratio of 56.12, a P/E/G ratio of 2.96 and a beta of 1.50. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The business's 50 day moving average is $129.23 and its 200-day moving average is $101.21.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The firm's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Piper Sandler upped their price target on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. UBS Group lifted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wolfe Research increased their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, Redburn Atlantic started coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target for the company. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $157.88.

Insiders Place Their Bets

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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 7,526,614 shares of company stock worth $975,547,217 over the last 90 days. 3.39% of the stock is owned by insiders.

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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