Arista Networks, Inc. $ANET Stock Position Increased by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital increased its Arista Networks stake by 67.6% in the third quarter, adding 225,572 shares and ending the period with 559,488 shares worth about $113.9 million. Institutional investors collectively own 82.47% of the stock.
• Arista reported quarterly revenue of $3.66 billion, up 58.5% year over year, and earnings of $1.20 per share, beating analysts’ estimates for both.
• Analysts maintain a consensus “Buy” rating, with an average price target of $240.24. Insiders have sold about 2.07 million shares worth $406.3 million over the past 90 days.

Eurizon Capital SGR S.p.A. increased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 67.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 559,488 shares of the technology company's stock after purchasing an additional 225,572 shares during the period. Eurizon Capital SGR S.p.A.'s holdings in Arista Networks were worth $113,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock worth $20,606,975,000 after buying an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after buying an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. increased its position in Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock worth $1,635,978,000 after buying an additional 6,409,612 shares during the period. Deutsche Bank AG increased its position in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock worth $1,589,651,000 after buying an additional 388,354 shares during the period. Finally, Amundi lifted its stake in Arista Networks by 5.7% in the first quarter. Amundi now owns 9,064,443 shares of the technology company's stock valued at $1,112,932,000 after buying an additional 491,173 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ANET. Piper Sandler increased their price objective on Arista Networks from $240.00 to $261.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $230.00 target price (up from $220.00) on shares of Arista Networks in a report on Wednesday, November 4th. Evercore reaffirmed an "outperform" rating on shares of Arista Networks in a report on Monday, November 2nd. Melius Research set a $305.00 price target on shares of Arista Networks in a research report on Wednesday, November 4th. Finally, Citigroup reiterated a "buy" rating and set a $248.00 price target (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $240.24.

Arista Networks Stock Up 5.1%

NYSE ANET opened at $206.67 on Friday. The firm has a market cap of $261.11 billion, a P/E ratio of 55.56, a P/E/G ratio of 1.75 and a beta of 1.61. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The business's 50-day moving average price is $192.77 and its 200 day moving average price is $166.84.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm's revenue was up 58.5% compared to the same quarter last year. As a group, analysts anticipate that Arista Networks, Inc. will post 4.01 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 460,374 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $212.09, for a total transaction of $97,640,721.66. Following the completion of the sale, the chief executive officer directly owned 4,811,207 shares of the company's stock, valued at $1,020,408,892.63. This trade represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $185.42, for a total value of $4,820,920.00. Following the sale, the insider directly owned 452,400 shares of the company's stock, valued at approximately $83,884,008. This represents a 5.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 2,067,489 shares of company stock worth $406,340,373. 2.70% of the stock is currently owned by insiders.

Top Arista Networks Stories

Investors following ANET have been watching these stories:

• Positive Sentiment: Arista beat Q3 expectations: revenue rose 58.5% year over year to $3.66 billion, and EPS of $1.20 topped the $1.08 consensus. Management forecast Q4 revenue of $3.9 billion to $4.0 billion, extending the growth outlook. Arista Networks guides higher
• Neutral Sentiment: Coverage describes a rebound in AI and cloud-related stocks as a tailwind for Arista, but notes the rally is facing resistance amid volatile trading. Arista Q3 beat and market reaction
• Negative Sentiment: Valuation is a key concern after the strong run: one analysis asks whether the stock is overvalued despite improved guidance. Reports also flag substantial co-founder share sales; these may not necessarily signal a change in business outlook, but could weigh on sentiment. Arista valuation analysis Co-founder stock sales

Arista Networks Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company's software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista's products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

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