Arista Networks, Inc. $ANET Stock Holdings Lifted by PDT Partners LLC

Key Points

• PDT Partners LLC increased its holdings in Arista Networks by 344.0% in Q1, now owning 76,810 shares valued at approximately $5.95 million. This follows significant increases in holdings from several other institutional investors.
• Arista Networks reported a 30.4% year-over-year revenue growth of $2.20 billion, outperforming analyst expectations, and achieved an earnings per share (EPS) of $0.73, exceeding estimates by $0.08.
• The company initiated a stock buyback program authorizing repurchases worth $1.5 billion, indicating management's belief in the stock's undervalued status.

PDT Partners LLC lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 344.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,810 shares of the technology company's stock after buying an additional 59,510 shares during the period. PDT Partners LLC's holdings in Arista Networks were worth $5,951,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HighMark Wealth Management LLC grew its holdings in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the last quarter. Quarry LP boosted its position in Arista Networks by 381.5% during the 4th quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after purchasing an additional 206 shares during the period. Dunhill Financial LLC grew its stake in Arista Networks by 415.7% during the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock worth $29,000 after buying an additional 212 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in Arista Networks in the first quarter worth $30,000. Finally, Saudi Central Bank bought a new stake in Arista Networks in the first quarter valued at $33,000. Institutional investors own 82.47% of the company's stock.

Arista Networks Trading Up 0.2%

ANET stock opened at $136.46 on Monday. The firm's 50-day moving average is $118.31 and its two-hundred day moving average is $97.36. The company has a market capitalization of $171.51 billion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49. 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 posted 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 business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period last year, the firm posted $0.53 earnings per share. The business's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group upped their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Redburn Atlantic began coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target on the stock. Piper Sandler lifted their price target on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Citigroup increased their price objective on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.07.

Insider Transactions 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 sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 24,040 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $132.77, for a total transaction of $3,191,790.80. Following the transaction, the chief executive officer owned 9,917 shares of the company's stock, valued at approximately $1,316,680.09. This trade represents a 70.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,839,614 shares of company stock valued at $724,163,153. Corporate insiders own 3.54% of the company's stock.

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.

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