Five Oceans Advisors Makes New Investment in Arista Networks, Inc. $ANET

Key Points

• Five Oceans Advisors has acquired a new position in Arista Networks, purchasing 2,477 shares valued at approximately $253,000 during the second quarter.
• Arista Networks experienced strong financial performance, reporting $2.20 billion in revenue for the last quarter, exceeding estimates and showing a 30.4% year-over-year increase in revenue.
• Institutional investors currently hold 82.47% of Arista Networks' stock, with several large investors significantly increasing their stakes in the company.

Five Oceans Advisors purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,477 shares of the technology company's stock, valued at approximately $253,000.

A number of other large investors also recently added to or reduced their stakes in ANET. HighMark Wealth Management LLC lifted its stake 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 purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks during the first quarter worth $30,000. Saudi Central Bank purchased a new stake in shares of Arista Networks during the first quarter worth $33,000. Tradewinds Capital Management LLC increased its position in shares of 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 period. Finally, Costello Asset Management INC increased its position in shares of 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 period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Price Performance

NYSE ANET opened at $143.02 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The company has a market capitalization of $179.76 billion, a PE ratio of 56.25, a P/E/G ratio of 2.97 and a beta of 1.50. The company has a fifty day moving average of $133.62 and a two-hundred day moving average of $103.74.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 7,520,816 shares of company stock valued at $979,873,167 in the last three months. Corporate insiders own 3.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ANET shares. William Blair reaffirmed an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Evercore ISI upped their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Rosenblatt Securities increased their target price on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, September 12th. KeyCorp increased their target price on Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their target price on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

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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