Eos Management L.P. Makes New Investment in Arista Networks, Inc. $ANET

Key Points

• Eos Management L.P. invested approximately $1.2 million in Arista Networks, acquiring 11,866 shares in the second quarter, signifying increasing institutional interest in the company.
• Arista Networks' stock has seen significant activity from insiders, including CEO Jayshree Ullal selling over 1.2 million shares, which reflects a 18.82% decrease in her ownership.
• Recent analyst ratings show optimism, with nineteen analysts giving Arista Networks a "Buy" rating and an average target price of $163.94, following strong quarterly earnings performance.

Eos Management L.P. purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,866 shares of the technology company's stock, valued at approximately $1,214,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. Vanguard Group Inc. lifted its holdings in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock valued at $7,581,955,000 after buying an additional 1,771,982 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after buying an additional 1,889,198 shares during the period. Nuveen LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at about $933,626,000. Northern Trust Corp lifted its holdings in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock valued at $799,244,000 after buying an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock valued at $740,126,000 after buying an additional 2,594,184 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business'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 value 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. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,622,904 shares of company stock worth $887,794,521. Corporate insiders own 3.54% of the company's stock.

Arista Networks Stock Down 2.0%

Shares of Arista Networks stock opened at $143.10 on Monday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The business has a 50-day moving average price of $142.11 and a 200 day moving average price of $111.43. The firm has a market cap of $179.86 billion, a PE ratio of 56.28, a P/E/G ratio of 2.98 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business earned $0.53 EPS. Arista Networks's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANET. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a report on Thursday, September 25th. Piper Sandler boosted their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. William Blair reissued an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the company an "overweight" rating in a report on Friday, October 10th. Finally, Evercore ISI lifted their price target on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and an average target price 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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