APG Asset Management US Inc. Buys 15,672 Shares of Arista Networks, Inc. $ANET

Key Points

• APG Asset Management US Inc. increased its holdings in Arista Networks by 40.2%, acquiring an additional 15,672 shares, bringing its total to 54,684 shares valued at approximately $4.29 million.
• Arista Networks reported a quarterly revenue of $2.20 billion, exceeding analysts' estimates, and achieved an earnings per share of $0.73 for the quarter.
• Insider trading activity included significant sales by Director Charles H. Giancarlo and CEO Jayshree Ullal, with Ullal selling 192,979 shares for approximately $26.95 million.

APG Asset Management US Inc. raised its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 40.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,684 shares of the technology company's stock after buying an additional 15,672 shares during the quarter. APG Asset Management US Inc.'s holdings in Arista Networks were worth $4,292,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. AlphaQuest LLC raised its holdings in Arista Networks by 885.9% in the first quarter. AlphaQuest LLC now owns 8,627 shares of the technology company's stock worth $668,000 after purchasing an additional 7,752 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Arista Networks by 6.4% in the first quarter. Kestra Advisory Services LLC now owns 87,730 shares of the technology company's stock worth $6,797,000 after acquiring an additional 5,241 shares during the last quarter. Monetary Management Group Inc. purchased a new stake in shares of Arista Networks in the first quarter worth $253,000. Compound Planning Inc. raised its stake in shares of Arista Networks by 4.6% in the first quarter. Compound Planning Inc. now owns 25,180 shares of the technology company's stock worth $1,951,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Arista Networks by 15.4% in the first quarter. Norinchukin Bank The now owns 54,186 shares of the technology company's stock worth $4,198,000 after purchasing an additional 7,251 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Performance

ANET opened at $133.1660 on Friday. The stock has a market capitalization of $167.37 billion, a price-to-earnings ratio of 52.38, a PEG ratio of 3.10 and a beta of 1.37. The company has a fifty day moving average of $113.86 and a 200 day moving average of $96.93. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company 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 quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks announced that its board has authorized a share repurchase program on Tuesday, May 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the sale, the director owned 57,784 shares of the company's stock, valued at $6,761,305.84. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jayshree Ullal sold 192,979 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $139.67, for a total transaction of $26,953,376.93. Following the sale, the chief executive officer directly owned 5,623,721 shares in the company, valued at approximately $785,465,112.07. The trade was a 3.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,823,574 shares of company stock valued at $721,676,802 over the last 90 days. 3.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Evercore ISI set a $150.00 price target on Arista Networks and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Rosenblatt Securities raised their price target on Arista Networks from $106.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Piper Sandler raised their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. UBS Group upped their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC upped their price objective on Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and an average price target of $138.07.

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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