Gunderson Capital Management Inc. Takes Position in Arista Networks, Inc. $ANET

Key Points

• Gunderson Capital Management Inc. has taken a new position in Arista Networks, acquiring 32,058 shares valued at about $3.28 million, making it the 24th largest holding in their portfolio.
• In a recent sale, CEO Jayshree Ullal sold over 1.7 million shares for approximately $243 million, reducing their ownership by nearly 24% while still holding about 5.7 million shares valued at $776 million.
• The stock has seen significant price targets raised by various analysts, with estimates ranging up to $185, reflecting a positive outlook following Arista's strong quarterly earnings performance.

Gunderson Capital Management Inc. acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,058 shares of the technology company's stock, valued at approximately $3,280,000. Arista Networks accounts for about 1.4% of Gunderson Capital Management Inc.'s holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Wealthcare Advisory Partners LLC boosted its holdings in shares of Arista Networks by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock worth $618,000 after purchasing an additional 95 shares during the last quarter. 1900 Wealth Management LLC boosted its stake in Arista Networks by 2.3% during the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company's stock worth $444,000 after buying an additional 98 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock worth $461,000 after acquiring an additional 100 shares during the last quarter. XML Financial LLC boosted its position in shares of Arista Networks by 0.6% during the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company's stock valued at $1,656,000 after acquiring an additional 100 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Arista Networks by 1.4% in the second quarter. CX Institutional now owns 7,703 shares of the technology company's stock valued at $788,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The shares were 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 owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 6,678,904 shares of company stock valued at $894,021,161 in the last quarter. Insiders own 3.39% of the company's stock.

Arista Networks Price Performance

Shares of ANET opened at $158.57 on Friday. The firm has a fifty day moving average price of $140.11 and a 200 day moving average price of $108.23. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $159.80. The stock has a market cap of $199.30 billion, a PE ratio of 62.37, a price-to-earnings-growth ratio of 3.28 and a beta of 1.47.

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, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC lifted their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Evercore ISI raised their price target 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. Melius Research raised their target price on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. William Blair restated an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Finally, Zacks Research cut shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Arista Networks has an average rating of "Moderate Buy" and a consensus target price of $163.94.

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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