CGN Advisors LLC Raises Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• CGN Advisors LLC has increased its holdings in Arista Networks, Inc. by 15.6% during the second quarter, owning a total of 30,047 shares valued at approximately $3.07 million.
• A number of other institutional investors have also adjusted their positions, with hedge funds now owning 82.47% of Arista Networks' stock.
• Analysts have rated Arista Networks with a consensus rating of "Moderate Buy" and an average target price of $157.88, with influential ratings from firms such as Evercore ISI and Morgan Stanley.

CGN Advisors LLC increased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 15.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,047 shares of the technology company's stock after acquiring an additional 4,045 shares during the period. CGN Advisors LLC's holdings in Arista Networks were worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new position in Arista Networks in the 2nd quarter worth $321,000. Occidental Asset Management LLC raised its stake in Arista Networks by 9.3% in the 2nd quarter. Occidental Asset Management LLC now owns 4,039 shares of the technology company's stock worth $413,000 after acquiring an additional 344 shares during the last quarter. CHICAGO TRUST Co NA purchased a new position in Arista Networks in the 2nd quarter worth $462,000. IronOak Wealth LLC. purchased a new position in Arista Networks in the 2nd quarter worth $533,000. Finally, Seascape Capital Management raised its stake in Arista Networks by 7.3% in the 2nd quarter. Seascape Capital Management now owns 27,596 shares of the technology company's stock worth $2,823,000 after acquiring an additional 1,879 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ANET shares. Wedbush started coverage on Arista Networks in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. Evercore ISI lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Redburn Atlantic started coverage on Arista Networks in a research note on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective for the company. Morgan Stanley lifted their price objective on Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Finally, BNP Paribas lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of "Moderate Buy" and a consensus target price of $157.88.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $145.51 on Tuesday. The stock has a market cap of $182.89 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.12 and a beta of 1.49. The stock's 50 day simple moving average is $131.59 and its 200-day simple moving average is $102.73. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last issued its 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 business had revenue of $2.20 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on 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 sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,582,614 shares of company stock worth $983,487,717. Corporate insiders own 3.54% of the company's stock.

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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