BDF Gestion Has $2.78 Million Stake in Arista Networks, Inc. $ANET

Key Points

• BDF Gestion reduced its stake in Arista Networks, Inc. by 9.8% during the second quarter, now holding 27,127 shares valued at approximately $2.78 million.
• Arista Networks reported a quarterly earnings per share of $0.73, exceeding analyst expectations, with revenue increasing 30.4% year-over-year to $2.20 billion.
• Multiple brokerages, including Goldman Sachs and UBS Group, raised their price targets on Arista Networks significantly, with an average target price of $157.88 reflecting strong market confidence.

BDF Gestion reduced its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,127 shares of the technology company's stock after selling 2,957 shares during the period. BDF Gestion's holdings in Arista Networks were worth $2,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HighMark Wealth Management LLC boosted its position in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC bought a new stake in Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at about $33,000. Tradewinds Capital Management LLC boosted its holdings in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after buying an additional 143 shares during the last quarter. Finally, Costello Asset Management INC boosted its holdings in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after buying an additional 154 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

NYSE:ANET opened at $149.51 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The company has a market cap of $187.91 billion, a P/E ratio of 58.80, a P/E/G ratio of 3.06 and a beta of 1.50. The stock's 50-day simple moving average is $130.85 and its 200 day simple moving average is $102.07.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm 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 business's revenue was up 30.4% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ANET. UBS Group upped their price target on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upped their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Barclays increased their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Wells Fargo & Company boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, Evercore ISI upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Arista Networks has an average rating of "Moderate Buy" and an average target price of $157.88.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the sale, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 7,582,614 shares of company stock worth $983,487,717 in the last 90 days. 3.39% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.