ASR Vermogensbeheer N.V. Raises Position in Arista Networks, Inc. $ANET

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Arista Networks, Inc. by 74.9%, holding 215,266 shares valued at $22.02 million after acquiring 92,206 additional shares in Q2.
• Arista Networks reported EPS of $0.73 for Q2, beating analysts' estimates, with revenue growing by 30.4% year-over-year to $2.20 billion.
• Several analysts raised their price targets for Arista Networks, with Goldman Sachs and JPMorgan citing a new target of $175, reflecting bullish sentiment toward the stock.

ASR Vermogensbeheer N.V. raised its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 74.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,266 shares of the technology company's stock after purchasing an additional 92,206 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Arista Networks were worth $22,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ibex Wealth Advisors raised its holdings in shares of Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after buying an additional 7,329 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of Arista Networks in the first quarter worth approximately $629,000. Commonwealth Equity Services LLC raised its holdings in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after buying an additional 101,162 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Arista Networks in the first quarter worth approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Arista Networks by 94.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock worth $50,363,000 after purchasing an additional 316,309 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Arista Networks stock opened at $149.32 on Thursday. The stock has a market capitalization of $187.67 billion, a price-to-earnings ratio of 58.73, a PEG ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The business has a fifty day moving average price of $136.30 and a 200-day moving average price of $105.52.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 6,670,904 shares of company stock worth $892,841,241. Company insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ANET shares. The Goldman Sachs Group increased their price objective on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. JPMorgan Chase & Co. increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Melius Research increased their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, BNP Paribas Exane raised Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective on the stock in a research note on Thursday, September 25th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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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