Nearwater Capital Markets Ltd Has $15.50 Million Stake in Arista Networks, Inc. $ANET

Key Points

• Nearwater Capital Markets Ltd increased its holdings in Arista Networks, Inc. by 100%, owning 200,000 shares now valued at approximately $15.5 million.
• Analysts have a generally positive outlook on Arista Networks, with 14 buy ratings and average price targets ranging from $138.79 to $155.00.
• Arista Networks reported a 30.4% year-over-year revenue growth for the last quarter, topping revenue expectations with $2.20 billion and earnings per share (EPS) of $0.73.

Nearwater Capital Markets Ltd increased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 100.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,000 shares of the technology company's stock after purchasing an additional 100,000 shares during the period. Nearwater Capital Markets Ltd's holdings in Arista Networks were worth $15,496,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ANET. Nuveen LLC bought a new stake in shares of Arista Networks during the 1st quarter worth approximately $933,626,000. Nuveen Asset Management LLC increased its stake in Arista Networks by 330.8% in the fourth quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock valued at $1,248,169,000 after acquiring an additional 8,671,235 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Arista Networks by 278.4% during the fourth 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 purchasing an additional 6,357,753 shares in the last quarter. Deutsche Bank AG raised its position in Arista Networks by 329.5% during the fourth quarter. Deutsche Bank AG now owns 6,397,154 shares of the technology company's stock valued at $707,077,000 after purchasing an additional 4,907,742 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock valued at $584,119,000 after buying an additional 4,678,372 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business's 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 completion of the sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 5,839,614 shares of company stock valued at $724,163,153. 3.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wolfe Research began coverage on shares of Arista Networks in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. BNP Paribas cut Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. upped their target price on Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI set a $150.00 price target on Arista Networks and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.79.

Arista Networks Stock Performance

Shares of ANET stock traded down $2.94 during mid-day trading on Monday, hitting $139.91. The company's stock had a trading volume of 7,919,375 shares, compared to its average volume of 10,324,229. The company's fifty day simple moving average is $122.49 and its 200-day simple moving average is $98.49. The company has a market cap of $175.84 billion, a PE ratio of 55.03, a P/E/G ratio of 3.36 and a beta of 1.49. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $145.46.

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

About Arista Networks

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.