Groupama Asset Managment Acquires 8,276 Shares of Arista Networks, Inc. $ANET

Key Points

• Groupama Asset Management has increased its stake in Arista Networks by 14.8%, acquiring an additional 8,276 shares, bringing its total holdings to 64,084 shares valued at approximately $4.99 million.
• Arista Networks reported a 30.4% increase in revenue compared to the previous year, achieving $2.20 billion in revenue and an EPS of $0.73, surpassing estimates.
• The company's stock is down 4.1% recently, with shares opening at $132.44 despite a positive earnings report and multiple institutional investors increasing their stakes.

Groupama Asset Managment increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,084 shares of the technology company's stock after acquiring an additional 8,276 shares during the period. Groupama Asset Managment's holdings in Arista Networks were worth $4,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ANET. Vanguard Group Inc. grew its stake 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 purchasing an additional 1,771,982 shares during the period. Cresset Asset Management LLC boosted its stake in Arista Networks by 277.5% in the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after buying an additional 20,059,303 shares in the last quarter. Nuveen LLC acquired a new stake in Arista Networks in the 1st quarter valued at $933,626,000. Nuveen Asset Management LLC grew its position in Arista Networks by 330.8% in the fourth quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock valued at $1,248,169,000 after acquiring an additional 8,671,235 shares during the period. Finally, Northern Trust Corp grew its position in Arista Networks by 3.7% in the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock valued at $799,244,000 after acquiring an additional 372,677 shares during the period. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Down 4.1%

Shares of NYSE ANET opened at $132.4360 on Wednesday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $141.99. The firm's 50-day simple moving average is $111.58 and its 200 day simple moving average is $96.41. The company has a market cap of $166.45 billion, a price-to-earnings ratio of 52.09, a price-to-earnings-growth ratio of 3.24 and a beta of 1.37.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly 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. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks's revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks declared that its board has initiated a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ANET shares. KGI Securities cut Arista Networks to a "neutral" rating in a report on Wednesday, May 7th. KeyCorp increased their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Redburn Atlantic began coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set a "buy" rating and a $112.00 price target for the company. Wedbush initiated coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set an "outperform" rating on the stock. Finally, Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.07.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value 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. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 5,767,574 shares of company stock valued at $714,032,242. 3.54% of the stock is currently owned by company insiders.

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.

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