Cim LLC Boosts Holdings in Arista Networks, Inc. $ANET

Key Points

• Cim LLC increased its stake in Arista Networks by 62.0% in the first quarter, purchasing an additional 73,470 shares, making Arista 2.2% of Cim's portfolio.
• Arista Networks reported a net margin of 40.90% and revenue of $2.20 billion for the recent quarter, surpassing analysts' expectations.
• Insider sales included CEO Jayshree Ullal selling 1.78 million shares for approximately $243 million, resulting in a 23.86% reduction of her holdings.

Cim LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 62.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,915 shares of the technology company's stock after purchasing an additional 73,470 shares during the period. Arista Networks comprises approximately 2.2% of Cim LLC's investment portfolio, making the stock its 20th biggest holding. Cim LLC's holdings in Arista Networks were worth $14,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighMark Wealth Management LLC raised its position in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after acquiring an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the first quarter worth about $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks in the first quarter worth about $33,000. McIlrath & Eck LLC acquired a new position in shares of Arista Networks in the fourth quarter worth about $35,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ANET shares. JPMorgan Chase & Co. upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Evercore ISI boosted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, KeyCorp boosted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $157.56.

Insider Activity at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the transaction, the senior vice president directly owned 12,976 shares in the company, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,582,614 shares of company stock valued at $980,712,097. Corporate insiders own 3.39% of the company's stock.

Arista Networks Price Performance

NYSE ANET traded down $13.69 during trading hours on Friday, hitting $139.35. 17,882,765 shares of the company's stock traded hands, compared to its average volume of 7,918,403. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The company has a market capitalization of $175.14 billion, a PE ratio of 54.81, a PEG ratio of 3.60 and a beta of 1.50. The firm's 50-day moving average is $126.85 and its 200-day moving average is $100.21.

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 net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the company earned $0.53 EPS. Arista Networks's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal 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.