Aware Super Pty Ltd as trustee of Aware Super Has $47.57 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Aware Super Pty Ltd increased its stake in Arista Networks, Inc. by 4.1% in Q2, holding 464,923 shares valued at approximately $47.57 million, making it the fund's 25th largest position.
• Insider trading activity showed significant sales, with CEO Jayshree Ullal selling over 1.2 million shares for about $185 million, representing an 18.82% reduction in their holdings.
• Equity analysts remain optimistic on the stock, with Citigroup raising its price target from $136 to $176, and the consensus rating being categorized as a "Moderate Buy."

Aware Super Pty Ltd as trustee of Aware Super boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,923 shares of the technology company's stock after purchasing an additional 18,121 shares during the quarter. Arista Networks accounts for approximately 0.7% of Aware Super Pty Ltd as trustee of Aware Super's holdings, making the stock its 25th biggest position. Aware Super Pty Ltd as trustee of Aware Super's holdings in Arista Networks were worth $47,566,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock valued at $7,581,955,000 after buying an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. Nuveen LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $933,626,000. Northern Trust Corp raised its stake in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock valued at $799,244,000 after buying an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock valued at $740,126,000 after buying an additional 2,594,184 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director owned 41,784 shares of the company's stock, valued at $6,162,722.16. This represents a 16.07% decrease in their position. 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 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,622,904 shares of company stock valued at $887,794,521 in the last 90 days. 3.39% of the stock is currently owned by insiders.

Arista Networks Stock Up 3.4%

Shares of Arista Networks stock opened at $143.46 on Thursday. The stock has a market capitalization of $180.31 billion, a P/E ratio of 56.43, a price-to-earnings-growth ratio of 2.89 and a beta of 1.47. The company has a 50-day simple moving average of $141.90 and a 200 day simple moving average of $110.02. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last announced 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. 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 quarter last year, the company posted $0.53 EPS. The firm's revenue for the quarter was up 30.4% on a year-over-year basis. 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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ANET shares. Citigroup increased their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, September 12th. BNP Paribas Exane upgraded shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective for the company in a research note on Thursday, September 25th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. UBS Group increased their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, William Blair reiterated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $163.94.

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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