Callan Family Office LLC Has $1.97 Million Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Callan Family Office LLC increased its stake in Arista Networks by 164.2% in the 2nd quarter, owning 19,261 shares valued at $1.97 million as reported in their recent SEC filing.
• Major institutional investors, including Nuveen LLC and Goldman Sachs, have also raised their positions in Arista Networks, with hedge funds owning approximately 82.47% of the stock.
• Research analysts have recently raised their price targets for Arista Networks, with Evercore ISI and Wells Fargo increasing their targets to $175, while the consensus target price stands at $163.94.

Callan Family Office LLC increased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 164.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,261 shares of the technology company's stock after buying an additional 11,971 shares during the period. Callan Family Office LLC's holdings in Arista Networks were worth $1,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ANET. Nuveen LLC purchased a new stake in shares of Arista Networks in the first quarter worth approximately $933,626,000. AQR Capital Management LLC lifted its position in shares of Arista Networks by 153.8% during the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after buying an additional 4,678,372 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after purchasing an additional 2,594,184 shares during the period. Amundi raised its holdings in shares of Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company's stock worth $611,852,000 after purchasing an additional 2,240,045 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ANET shares. Evercore ISI lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Wells Fargo & Company upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Zacks Research lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. The Goldman Sachs Group boosted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, William Blair reissued an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $163.94.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the company's 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 sale, the insider owned 12,976 shares in the company, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is currently owned by company insiders.

Arista Networks Price Performance

ANET stock opened at $154.51 on Friday. The company has a market cap of $194.19 billion, a P/E ratio of 60.77, a PEG ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The firm has a 50-day moving average of $140.85 and a 200 day moving average of $108.89.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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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