Chicago Capital LLC Grows Stock Position in Arista Networks, Inc. $ANET

Key Points

• Chicago Capital LLC has increased its holdings in Arista Networks by 20%, now owning 26,382 shares worth approximately $2.69 million.
• Arista Networks reported a 30.4% year-over-year revenue increase, totaling $2.20 billion for the last quarter, exceeding analyst expectations.
• Insider selling has been notable, with CEO Jayshree Ullal selling over 1.24 million shares, which represented an 18.82% decrease in their position.

Chicago Capital LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,382 shares of the technology company's stock after buying an additional 4,402 shares during the quarter. Chicago Capital LLC's holdings in Arista Networks were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC lifted its position in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks during the first quarter worth about $30,000. Saudi Central Bank acquired a new stake in Arista Networks during the first quarter worth about $33,000. Tradewinds Capital Management LLC increased its stake in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Finally, Costello Asset Management INC increased its stake in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after acquiring an additional 154 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Up 0.5%

Shares of NYSE ANET opened at $143.17 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The business has a 50 day moving average price of $134.86 and a two-hundred day moving average price of $104.93. The firm has a market cap of $179.94 billion, a PE ratio of 56.31, a price-to-earnings-growth ratio of 2.97 and a beta of 1.49.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm earned $0.53 EPS. Arista Networks's quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders sold a total of 6,670,904 shares of company stock worth $892,841,241 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ANET. Evercore ISI upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Morgan Stanley upped their price target on Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Rosenblatt Securities upped their price target on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. Wells Fargo & Company upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Piper Sandler upped their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

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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