Fox Run Management L.L.C. Takes $909,000 Position in Arista Networks, Inc. $ANET

Key Points

• Fox Run Management L.L.C. has made a new investment of approximately $909,000 in Arista Networks, acquiring 11,735 shares in the first quarter.
• Following a significant sale of over 1.7 million shares by CEO Jayshree Ullal, insider ownership has decreased to 3.39% of the company's stock.
• Arista Networks reported a quarterly revenue of $2.20 billion, surpassing expectations and reflecting a year-over-year growth of 30.4%.

Fox Run Management L.L.C. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,735 shares of the technology company's stock, valued at approximately $909,000.

A number of other large investors have also modified their holdings of ANET. HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after buying an additional 230 shares during the period. Quarry LP boosted its position in shares of Arista Networks by 381.5% during the 4th quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after purchasing an additional 206 shares in the last quarter. Dunhill Financial LLC boosted its holdings in shares of Arista Networks by 415.7% in the fourth quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock worth $29,000 after buying an additional 212 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the first quarter worth about $30,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Arista Networks in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business'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 sale, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 5,767,742 shares of company stock worth $714,048,068. 3.39% of the stock is owned by corporate insiders.

Arista Networks Stock Down 3.9%

ANET traded down $5.3830 during trading on Tuesday, reaching $132.6570. 5,969,609 shares of the company's stock were exchanged, compared to its average volume of 10,529,924. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $141.99. The business has a 50 day moving average price of $110.80 and a 200 day moving average price of $96.15. The company has a market capitalization of $166.73 billion, a P/E ratio of 52.07, a PEG ratio of 3.23 and a beta of 1.37.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm'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. As a group, research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Arista Networks announced that its board has initiated a share repurchase program on Tuesday, May 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group raised 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. Barclays reiterated an "overweight" rating and issued a $151.00 price objective (up previously from $119.00) on shares of Arista Networks in a research note on Thursday, August 7th. BNP Paribas lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Redburn Atlantic initiated coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price objective on the stock. Finally, Citigroup upped their price objective on shares of Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.07.

Arista Networks Company 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.