Bayforest Capital Ltd Raises Stock Position in Arista Networks, Inc. $ANET

Key Points

• Bayforest Capital Ltd boosted its stake in Arista Networks, Inc. by 180.3%, acquiring an additional 4,211 shares in the first quarter, bringing its total holdings to 6,546 shares worth $507,000.
• Arista Networks reported $2.20 billion in revenue for the latest quarter, surpassing expectations, with earnings per share of $0.73, beating the consensus estimate by $0.08.
• CEO Jayshree Ullal sold approximately 1.8 million shares of Arista Networks stock, resulting in a 23.86% decrease in her ownership, valued at around $243 million.

Bayforest Capital Ltd increased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 180.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,546 shares of the technology company's stock after buying an additional 4,211 shares during the period. Bayforest Capital Ltd's holdings in Arista Networks were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Alaethes Wealth LLC increased its position in Arista Networks by 0.3% during the 1st quarter. Alaethes Wealth LLC now owns 46,004 shares of the technology company's stock valued at $3,564,000 after purchasing an additional 147 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Arista Networks by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,695,366 shares of the technology company's stock valued at $673,717,000 after purchasing an additional 54,040 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Arista Networks during the 1st quarter valued at about $15,818,000. Empowered Funds LLC increased its position in Arista Networks by 11.9% during the 1st quarter. Empowered Funds LLC now owns 97,201 shares of the technology company's stock valued at $7,531,000 after purchasing an additional 10,302 shares during the period. Finally, Logan Capital Management Inc. increased its position in Arista Networks by 0.5% during the 1st quarter. Logan Capital Management Inc. now owns 161,152 shares of the technology company's stock valued at $12,486,000 after purchasing an additional 853 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

ANET stock traded down $13.69 during trading on Friday, reaching $139.35. The company had a trading volume of 17,882,765 shares, compared to its average volume of 7,918,403. The firm has a 50-day simple moving average of $126.85 and a 200-day simple moving average of $100.18. The company has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 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 in the previous year, the business posted $0.53 EPS. The business's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,582,614 shares of company stock worth $980,712,097. Company insiders own 3.39% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ANET. Melius Research lifted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday. Rosenblatt Securities lifted their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday. Evercore ISI lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday. William Blair reaffirmed an "outperform" rating on shares of Arista Networks in a research report on Friday. Finally, Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and an average target price of $157.56.

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.