IFM Investors Pty Ltd Buys 7,525 Shares of Arista Networks, Inc. $ANET

Key Points

• IFM Investors Pty Ltd increased its stake in Arista Networks, Inc. by 3.8% during the first quarter, owning a total of 203,405 shares valued at approximately $15.76 million.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock, representing a 23.86% decrease in her ownership, and insiders have sold a total of 6,278,378 shares in the last ninety days.
• Analysts have boosted target prices for Arista Networks, with Goldman Sachs raising its target from $115.00 to $155.00 and UBS Group also setting a price target of $155.00, indicating strong market confidence.

IFM Investors Pty Ltd lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,405 shares of the technology company's stock after purchasing an additional 7,525 shares during the period. IFM Investors Pty Ltd's holdings in Arista Networks were worth $15,760,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in Arista Networks during the 4th quarter valued at $35,000. HighMark Wealth Management LLC lifted its stake in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares during the last quarter. Cloud Capital Management LLC bought a new position in Arista Networks during the first quarter worth $30,000. Ameriflex Group Inc. acquired a new stake in shares of Arista Networks in the 4th quarter valued at $46,000. Finally, Saudi Central Bank bought a new stake in Arista Networks during the 1st quarter worth about $33,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Trading Down 8.9%

Arista Networks stock traded down $13.69 during mid-day trading on Friday, hitting $139.35. The stock had a trading volume of 17,882,765 shares, compared to its average volume of 7,918,403. The firm's 50 day moving average is $126.11 and its 200 day moving average is $99.86. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The firm has a market capitalization of $175.14 billion, a P/E ratio of 62.28, a P/E/G ratio of 3.60 and a beta of 1.50.

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 (EPS) for the quarter, topping 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 business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In other news, CEO Jayshree Ullal sold 56,548 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $143.56, for a total transaction of $8,118,030.88. Following the transaction, the chief executive officer directly owned 5,555,373 shares in the company, valued at $797,529,347.88. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the transaction, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,334,926 shares of company stock valued at $795,392,998 in the last 90 days. Company insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on ANET shares. Wedbush initiated coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set an "outperform" rating for the company. Barclays upped their target price on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday. Wolfe Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday. The Goldman Sachs Group increased their price objective on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Rosenblatt Securities increased their price target on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.56.

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.