Dynamic Advisor Solutions LLC Raises Stock Position in Arista Networks, Inc. $ANET

Key Points

• Dynamic Advisor Solutions LLC increased its position in Arista Networks by 9.1%, acquiring a total of 24,043 shares valued at $2,460,000.
• Multiple institutional investors have significantly increased their stakes in Arista Networks, with notable purchases from Nuveen LLC and AQR Capital Management LLC.
• Arista Networks reported $0.73 EPS for the last quarter, surpassing analysts' expectations, with revenue growth of 30.4% year-over-year.

Dynamic Advisor Solutions LLC grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 9.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,043 shares of the technology company's stock after buying an additional 2,007 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Arista Networks were worth $2,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after buying an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the period. Nuveen LLC bought a new stake in shares of Arista Networks in the 1st quarter valued at about $933,626,000. Northern Trust Corp raised its holdings in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock valued at $799,244,000 after purchasing an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings 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 period. 82.47% of the stock is owned by institutional investors.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. This trade represents a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,582,614 shares of company stock worth $983,487,717. Insiders own 3.39% of the company's stock.

Arista Networks Price Performance

NYSE ANET traded up $2.85 during mid-day trading on Friday, reaching $149.51. 17,808,627 shares of the stock were exchanged, compared to its average volume of 8,846,882. The stock has a market cap of $187.91 billion, a P/E ratio of 58.80, a P/E/G ratio of 3.12 and a beta of 1.50. The stock has a 50 day simple moving average of $130.85 and a 200-day simple moving average of $102.17. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business 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%. The business'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. Sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ANET shares. UBS Group upped their target price on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. 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 target price on the stock. Melius Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. The Goldman Sachs Group increased their price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, KeyCorp increased their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Sixteen equities research 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, the company has an average rating of "Moderate Buy" and an average price target of $157.88.

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.