IFM Investors Pty Ltd Raises Position in Arista Networks, Inc. $ANET

Key Points

• IFM Investors Pty Ltd increased its stake in Arista Networks by 2.4% in Q2, now owning 208,307 shares valued at $21.31 million.
• Arista Networks reported a 30.4% increase in quarterly revenue year-over-year, reaching $2.20 billion, and earnings per share exceeded expectations at $0.73.
• Analysts have a consensus rating of "Moderate Buy" for Arista Networks, with an average target price set at $157.88, reflecting positive future outlook.

IFM Investors Pty Ltd boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,307 shares of the technology company's stock after purchasing an additional 4,902 shares during the period. IFM Investors Pty Ltd's holdings in Arista Networks were worth $21,312,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HighMark Wealth Management LLC raised its holdings in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after acquiring an additional 230 shares during the period. Cloud Capital Management LLC bought a new position in shares of Arista Networks in the 1st quarter worth $30,000. Saudi Central Bank bought a new position in Arista Networks in the 1st quarter worth $33,000. McIlrath & Eck LLC bought a new stake in Arista Networks during the 4th quarter valued at about $35,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's 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 sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 7,582,614 shares of company stock worth $983,487,717. Corporate insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

NYSE:ANET traded up $2.85 during midday trading on Friday, reaching $149.51. 17,808,627 shares of the stock traded hands, compared to its average volume of 8,846,882. The stock has a market capitalization of $187.91 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 3.12 and a beta of 1.50. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The business has a 50-day moving average of $130.85 and a two-hundred day moving average of $102.17.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.20 billion during 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%. The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Evercore ISI raised their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Wells Fargo & Company lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. The Goldman Sachs Group upped their price objective on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Wolfe Research increased their price objective on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.88.

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.