Arista Networks, Inc. $ANET Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 71.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 252,845 shares of the technology company's stock after purchasing an additional 105,168 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Arista Networks were worth $19,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in Arista Networks by 277.5% in the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after acquiring an additional 20,059,303 shares during the last quarter. Nuveen LLC purchased a new stake in Arista Networks in the 1st quarter valued at $933,626,000. Nuveen Asset Management LLC increased its stake in shares of 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 worth $1,248,169,000 after acquiring an additional 8,671,235 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Arista Networks by 354.3% during the 4th quarter. Northern Trust Corp now owns 9,942,816 shares of the technology company's stock worth $1,098,979,000 after acquiring an additional 7,753,991 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Arista Networks by 278.4% during the 4th 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 valued at $955,126,000 after acquiring an additional 6,357,753 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANET shares. Wolfe Research initiated coverage on shares of Arista Networks in a research note on Tuesday, July 8th. They set an "outperform" rating on the stock. The Goldman Sachs Group upped their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. UBS Group raised their target price on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. BNP Paribas downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Finally, KGI Securities cut shares of Arista Networks to a "neutral" rating in a research report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of "Moderate Buy" and an average target price of $138.07.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total value 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 trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 192,979 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $139.67, for a total transaction of $26,953,376.93. Following the transaction, the chief executive officer owned 5,623,721 shares of the company's stock, valued at $785,465,112.07. This trade represents a 3.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,823,574 shares of company stock worth $721,676,802. Company insiders own 3.39% of the company's stock.

Arista Networks Stock Down 1.0%

ANET stock traded down $1.3840 during midday trading on Wednesday, hitting $131.3960. The company's stock had a trading volume of 9,445,764 shares, compared to its average volume of 9,908,579. The firm has a 50-day simple moving average of $112.32 and a 200-day simple moving average of $96.65. The firm has a market capitalization of $165.15 billion, a P/E ratio of 51.68, a PEG ratio of 3.12 and a beta of 1.37. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $141.99.

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 the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period last year, the firm earned $0.53 earnings per share. The company'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. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Arista Networks 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.