Capital Impact Advisors LLC Takes Position in Arista Networks, Inc. $ANET

Key Points

• Capital Impact Advisors LLC acquired 100,520 shares of Arista Networks, Inc. for approximately $7,788,000, making it the firm's 15th largest position at 3.0% of its portfolio.
• CEO Jayshree Ullal sold 1,785,165 shares at an average price of $136.22, resulting in a significant decrease of 23.86% in her holdings.
• Arista Networks' recent earnings report showed a 30.4% increase in revenue year-over-year, with earnings per share at $0.73, exceeding analysts' expectations.

Capital Impact Advisors LLC bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 100,520 shares of the technology company's stock, valued at approximately $7,788,000. Arista Networks accounts for 3.0% of Capital Impact Advisors LLC's investment portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in Arista Networks during the 4th quarter valued at about $35,000. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in Arista Networks during the 1st quarter valued at about $30,000. Ameriflex Group Inc. acquired a new position in Arista Networks during the 4th quarter valued at about $46,000. Finally, Saudi Central Bank acquired a new position in Arista Networks during the 1st quarter valued at about $33,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director directly owned 57,784 shares in the company, valued at $6,761,305.84. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kenneth Duda sold 30,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 12,976 shares in the company, valued at $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,334,926 shares of company stock worth $795,392,998 in the last ninety days. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 8.9%

Shares of NYSE ANET traded down $13.69 during midday trading on Friday, reaching $139.35. The company's stock had a trading volume of 17,882,765 shares, compared to its average volume of 10,417,402. The company has a 50 day moving average price of $126.11 and a 200 day moving average price of $99.86. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. 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 3.54 and a beta of 1.50.

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, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANET has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Barclays boosted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday. Wedbush initiated coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. UBS Group boosted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks has a consensus rating of "Moderate Buy" and a consensus target price of $157.56.

About Arista Networks

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.