Groupe la Francaise Has $7.82 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Groupe la Francaise increased its stake in Arista Networks by 83.2%, acquiring an additional 44,970 shares, bringing its total holdings to 99,034 shares valued at approximately $7.82 million.
• Several institutional investors, including Vanguard Group and Nuveen LLC, have significantly raised their holdings in Arista Networks, with institutional ownership currently at 82.47%.
• Arista Networks reported a strong quarterly earnings report, with an EPS of $0.73 beating the estimate by $0.08, and a revenue increase of 30.4% year-over-year to $2.20 billion.

Groupe la Francaise grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 83.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,034 shares of the technology company's stock after purchasing an additional 44,970 shares during the period. Groupe la Francaise's holdings in Arista Networks were worth $7,820,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ANET. Cresset Asset Management LLC increased its holdings in shares of Arista Networks by 277.5% during the fourth quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after purchasing an additional 20,059,303 shares during the period. Nuveen LLC acquired a new position in shares of Arista Networks during the first quarter valued at $933,626,000. Nuveen Asset Management LLC increased its holdings in shares of Arista Networks by 330.8% during 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 purchasing an additional 8,671,235 shares during the period. Northern Trust Corp increased its holdings in shares of Arista Networks by 354.3% during the fourth quarter. Northern Trust Corp now owns 9,942,816 shares of the technology company's stock valued at $1,098,979,000 after purchasing an additional 7,753,991 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Arista Networks by 278.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock worth $955,126,000 after acquiring an additional 6,357,753 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the 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 transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 5,823,574 shares of company stock valued at $721,676,802. Company insiders own 3.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp lifted their target price on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. BNP Paribas Exane lowered Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price on the stock. in a report on Wednesday, June 11th. Piper Sandler lifted their target price on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Citigroup lifted their target price on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and an average price target of $138.07.

Arista Networks Stock Performance

Shares of NYSE:ANET traded up $1.1360 during midday trading on Friday, reaching $133.1660. The company had a trading volume of 7,358,652 shares, compared to its average volume of 10,159,499. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $141.99. The firm has a market cap of $167.37 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 3.13 and a beta of 1.37. The company has a fifty day simple moving average of $113.86 and a two-hundred day simple moving average of $96.67.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company posted $0.53 EPS. 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. Analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Arista Networks declared that its board has authorized a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Arista Networks 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.