Blair William & Co. IL Acquires 125,362 Shares of Arista Networks, Inc. $ANET

Blair William & Co. IL lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,382 shares of the technology company's stock after purchasing an additional 125,362 shares during the period. Blair William & Co. IL owned 0.09% of Arista Networks worth $118,412,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ANET. Brighton Jones LLC increased its stake in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $202,000. Bison Wealth LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $251,000. NBC Securities Inc. bought a new stake in Arista Networks in the first quarter valued at approximately $84,000. Finally, Capital Investment Advisors LLC raised its holdings in Arista Networks by 29.2% in the first quarter. Capital Investment Advisors LLC now owns 4,845 shares of the technology company's stock worth $375,000 after purchasing an additional 1,095 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Trading Up 8.3%

Shares of ANET opened at $157.37 on Thursday. The stock has a market capitalization of $197.79 billion, a price-to-earnings ratio of 61.90, a PEG ratio of 3.03 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $158.51. The firm has a fifty day simple moving average of $139.41 and a 200 day simple moving average of $107.74.

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, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the transaction, the insider owned 12,976 shares of the company's stock, valued at $1,839,867.04. This trade represents a 69.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, 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. Insiders sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last quarter. 3.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANET. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Arista Networks in a report on Saturday, September 27th. BNP Paribas Exane upgraded Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price target for the company in a report on Thursday, September 25th. Wells Fargo & Company raised their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Finally, Piper Sandler boosted their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.00.

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.

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