B. Metzler seel. Sohn & Co. AG Has $23.03 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Arista Networks by 79.9%, owning 297,277 shares valued at $23.03 million.
• Arista Networks reported a 30.4% increase in quarterly revenue year-over-year, with earnings per share surpassing analysts' estimates.
• Several institutional investors have significantly increased their stakes, with 82.47% of the company's stock now owned by institutional investors and hedge funds.

B. Metzler seel. Sohn & Co. AG lifted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 79.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,277 shares of the technology company's stock after purchasing an additional 132,014 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Arista Networks were worth $23,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Cresset Asset Management LLC lifted its position in shares of Arista Networks by 277.5% during the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock worth $3,016,207,000 after buying an additional 20,059,303 shares during the period. Nuveen LLC bought a new position in shares of Arista Networks during the 1st quarter worth approximately $933,626,000. Nuveen Asset Management LLC lifted its position in shares of Arista Networks by 330.8% during the 4th quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock worth $1,248,169,000 after buying an additional 8,671,235 shares during the period. Northern Trust Corp lifted its position in shares of Arista Networks by 354.3% during the 4th quarter. Northern Trust Corp now owns 9,942,816 shares of the technology company's stock worth $1,098,979,000 after buying an additional 7,753,991 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arista Networks by 278.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock worth $955,126,000 after buying an additional 6,357,753 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Stock Up 1.0%

ANET stock opened at $134.32 on Wednesday. The company has a market cap of $168.82 billion, a P/E ratio of 52.83, a PEG ratio of 3.13 and a beta of 1.37. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $141.99. The business has a fifty day moving average of $115.52 and a 200-day moving average of $97.04.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 the consensus estimate 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 in the previous year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks announced that its Board of Directors has approved a share 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 usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 192,979 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $139.67, for a total transaction of $26,953,376.93. Following the completion of the sale, the chief executive officer owned 5,623,721 shares in the company, valued at $785,465,112.07. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Monday, August 18th. The stock was 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 of the company's stock, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,823,574 shares of company stock worth $721,676,802 over the last 90 days. 3.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ANET. Needham & Company LLC raised their target price on Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. KeyCorp raised their target price on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. UBS Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price objective on Arista Networks from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group boosted their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.07.

Arista Networks Company 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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