Financiere des Professionnels Fonds d investissement inc. Purchases New Stake in Arista Networks, Inc. $ANET

Key Points

• Financiere des Professionnels Fonds d'investissement inc. purchased 9,576 shares of Arista Networks, Inc., valued at approximately $980,000.
• Wall Street analysts have raised their price objectives for Arista Networks, with Morgan Stanley setting a target of $140.00 and Melius Research raising it to $185.00, reflecting strong investor interest.
• CEO Jayshree Ullal sold over 1.2 million shares of Arista stock, reducing her stake by 18.82%, while corporate insiders sold a total of $975 million in shares over the past three months.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,576 shares of the technology company's stock, valued at approximately $980,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ANET. DSG Capital Advisors LLC bought a new position in Arista Networks during the 4th quarter valued at $5,984,000. Ibex Wealth Advisors lifted its holdings in Arista Networks by 14.4% during the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after buying an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new position in Arista Networks during the 1st quarter worth approximately $629,000. Commonwealth Equity Services LLC lifted its stake in Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after purchasing an additional 101,162 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Arista Networks during the first quarter worth $15,227,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arista Networks news, 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 transaction of $4,253,700.00. Following the sale, the insider 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 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 dated 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 in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,582,614 shares of company stock worth $983,487,717 over the last ninety days. 3.39% of the stock is owned by insiders.

Arista Networks Stock Up 1.9%

Arista Networks stock traded up $2.85 during midday trading on Friday, hitting $149.51. The company's stock had a trading volume of 17,808,627 shares, compared to its average volume of 8,846,882. The stock's 50-day moving average price is $130.85 and its 200-day moving average price is $102.17. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The company has a market capitalization of $187.91 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 3.12 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Wedbush started coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Evercore ISI raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Rosenblatt Securities raised their price target on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Finally, Redburn Atlantic began coverage on Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target on the stock. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.88.

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.