Arista Networks, Inc. $ANET Shares Bought by BI Asset Management Fondsmaeglerselskab A S

Key Points

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BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 17.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,486 shares of the technology company's stock after purchasing an additional 40,117 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Arista Networks were worth $21,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ANET. Cresset Asset Management LLC grew its position in shares of Arista Networks by 277.5% during the fourth 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 in the last quarter. Nuveen LLC purchased a new position in Arista Networks in the first quarter valued at approximately $933,626,000. Nuveen Asset Management LLC increased its stake in Arista Networks by 330.8% in the fourth quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock valued at $1,248,169,000 after purchasing an additional 8,671,235 shares during the last quarter. Northern Trust Corp increased its stake in Arista Networks by 354.3% in the fourth quarter. Northern Trust Corp now owns 9,942,816 shares of the technology company's stock valued at $1,098,979,000 after purchasing an additional 7,753,991 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Arista Networks by 278.4% in the fourth 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 valued at $955,126,000 after purchasing an additional 6,357,753 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other news, 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 transaction of $4,095,300.00. Following the completion of the transaction, the senior vice president owned 12,976 shares of the company's stock, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 192,979 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $139.67, for a total transaction of $26,953,376.93. Following the completion of the transaction, the chief executive officer directly owned 5,623,721 shares of the company's stock, valued at $785,465,112.07. The trade was a 3.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,823,574 shares of company stock valued at $721,676,802. 3.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BNP Paribas lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. UBS Group increased their price target 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. Morgan Stanley increased their price target on shares of Arista Networks from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Evercore ISI set a $150.00 target price on shares of Arista Networks and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, KeyCorp raised their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

Arista Networks Stock Up 0.3%

NYSE:ANET traded up $0.4540 during midday trading on Thursday, reaching $131.9240. The stock had a trading volume of 5,872,054 shares, compared to its average volume of 10,518,582. The firm has a fifty day simple moving average of $112.32 and a two-hundred day simple moving average of $96.65. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $141.99. The stock has a market cap of $165.81 billion, a P/E ratio of 51.89, a P/E/G ratio of 3.12 and a beta of 1.37.

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

Arista Networks declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.