DeDora Capital Inc. Invests $259,000 in Arista Networks, Inc. $ANET

Key Points

• DeDora Capital Inc. has made a significant investment of $259,000 in Arista Networks by purchasing 2,528 shares during the second quarter.
• Arista Networks has seen multiple institutional investors, such as Nuveen LLC and AQR Capital Management LLC, significantly increasing their stakes, reflecting a strong institutional interest with 82.47% of the stock now held by such investors.
• Analysts have raised their price targets for Arista Networks, with a consensus rating of "Moderate Buy" and an average target price set at $163.94, signaling positive market sentiment regarding the company's future performance.

DeDora Capital Inc. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,528 shares of the technology company's stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen LLC bought a new stake in shares of Arista Networks in the first quarter valued at about $933,626,000. AQR Capital Management LLC raised its holdings in shares of Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock valued at $584,119,000 after acquiring an additional 4,678,372 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company's stock valued at $721,342,000 after acquiring an additional 4,656,021 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock valued at $740,126,000 after acquiring an additional 2,594,184 shares in the last quarter. Finally, Amundi raised its holdings in shares of Arista Networks by 35.3% in the first quarter. Amundi now owns 8,582,109 shares of the technology company's stock valued at $611,852,000 after acquiring an additional 2,240,045 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ANET has been the subject of several recent research reports. Melius Research lifted their price objective on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Citigroup lifted their price objective on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a report on Friday, September 12th. William Blair restated an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Rosenblatt Securities lifted their price objective on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Finally, UBS Group boosted their target price on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $163.94.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was 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 $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,622,904 shares of company stock worth $887,794,521. Insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $143.10 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The firm has a market capitalization of $179.86 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 2.98 and a beta of 1.47. The stock's 50-day simple moving average is $142.11 and its 200-day simple moving average is $111.15.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results 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. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business 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 firm earned $0.53 earnings per share. The company's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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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