Arista Networks, Inc. $ANET Shares Acquired by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its holdings in Arista Networks by 20.5%, resulting in ownership of 230,225 shares valued at approximately $17.8 million.
• CEO Jayshree Ullal sold over 1.7 million shares, reducing her stake in the company by nearly 24% following the transaction.
• Analysts have set new price targets for Arista Networks, with Goldman Sachs raising its target from $115 to $155, while JPMorgan Chase & Co. increased theirs from $130 to $150.

UniSuper Management Pty Ltd boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,225 shares of the technology company's stock after purchasing an additional 39,141 shares during the period. UniSuper Management Pty Ltd's holdings in Arista Networks were worth $17,838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clearstead Trust LLC lifted its stake in Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock valued at $190,000 after purchasing an additional 119 shares during the last quarter. Pier 88 Investment Partners LLC lifted its stake in Arista Networks by 1.5% during the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock valued at $617,000 after purchasing an additional 120 shares during the last quarter. Optimum Investment Advisors lifted its stake in Arista Networks by 31.3% during the first quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock valued at $41,000 after purchasing an additional 125 shares during the last quarter. PFG Advisors lifted its stake in Arista Networks by 2.7% during the first quarter. PFG Advisors now owns 5,061 shares of the technology company's stock valued at $392,000 after purchasing an additional 131 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in Arista Networks by 9.4% during the first quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock valued at $126,000 after purchasing an additional 139 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 5,839,614 shares of company stock worth $724,163,153. Corporate insiders own 3.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ANET shares. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $130.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. BNP Paribas downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group upped their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI set a $150.00 price target on shares of Arista Networks and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley restated an "overweight" rating and issued a $135.00 price target (up previously from $125.00) on shares of Arista Networks in a research report on Wednesday. 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.79.

Arista Networks Stock Performance

Arista Networks stock opened at $142.83 on Monday. The firm has a market cap of $179.52 billion, a PE ratio of 56.18, a P/E/G ratio of 3.36 and a beta of 1.49. The firm's 50 day moving average price is $122.49 and its two-hundred day moving average price is $98.49. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $145.46.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.

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