Davidson Investment Advisors Grows Stock Position in Arista Networks, Inc. $ANET

Key Points

• Davidson Investment Advisors increased its stake in Arista Networks by 0.9% in Q2, now holding 299,571 shares valued at approximately $30.6 million, making it the firm's 21st largest position.
• Arista Networks reported strong earnings with $0.73 EPS, surpassing analyst expectations of $0.65, and showed a revenue increase of 30.4% year-over-year.
• Insider trading activity included CEO Jayshree Ullal selling over 1.7 million shares, which decreased her position by 23.86%, while insiders overall sold shares worth $894 million in the last quarter.

Davidson Investment Advisors increased its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 299,571 shares of the technology company's stock after purchasing an additional 2,696 shares during the quarter. Arista Networks makes up approximately 1.4% of Davidson Investment Advisors' investment portfolio, making the stock its 21st largest position. Davidson Investment Advisors' holdings in Arista Networks were worth $30,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. REAP Financial Group LLC grew its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after acquiring an additional 175 shares in the last quarter. HighMark Wealth Management LLC boosted its holdings in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks in the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks in the first quarter valued at approximately $33,000. Finally, Costello Asset Management INC lifted its position 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 buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $138.76 on Wednesday. The firm has a market cap of $174.40 billion, a P/E ratio of 54.58, a P/E/G ratio of 3.07 and a beta of 1.47. The firm's 50 day moving average price is $141.81 and its 200-day moving average price is $109.79. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68.

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

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders sold 6,678,904 shares of company stock worth $894,021,161. 3.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ANET has been the subject of several analyst reports. Piper Sandler upped their target price on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lifted their target price 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, Needham & Company LLC increased their price target on shares of Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $163.94.

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.

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