Inspire Investing LLC Has $14.61 Million Stock Position in Arista Networks, Inc. $ANET

Key Points

• Inspire Investing LLC has reduced its holdings in Arista Networks, now owning 142,813 shares valued at approximately $14.61 million, making it the 6th largest position in their portfolio.
• Arista Networks reported a quarterly earnings beat with $0.73 EPS against an estimate of $0.65, and its revenue was up 30.4% year-over-year, totaling $2.20 billion.
• Recent analyst ratings for Arista Networks include multiple target price increases, with Piper Sandler raising their target from $89 to $143, reflecting growing confidence in the stock's performance.

Inspire Investing LLC decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 7.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,813 shares of the technology company's stock after selling 12,092 shares during the period. Arista Networks accounts for 1.6% of Inspire Investing LLC's portfolio, making the stock its 6th largest position. Inspire Investing LLC's holdings in Arista Networks were worth $14,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ANET. REAP Financial Group LLC increased its position in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after acquiring an additional 175 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of Arista Networks by 179.7% during the first 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 in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks during the first quarter valued at approximately $30,000. Saudi Central Bank bought a new stake in shares of Arista Networks during the first quarter valued at approximately $33,000. Finally, Costello Asset Management INC increased its position in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Price Performance

Arista Networks stock opened at $154.51 on Friday. The stock has a market cap of $194.19 billion, a price-to-earnings ratio of 60.77, a price-to-earnings-growth ratio of 3.30 and a beta of 1.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The firm has a 50-day moving average of $140.85 and a two-hundred day moving average of $108.70.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company 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 firm's quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ANET shares. Piper Sandler raised their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Zacks Research cut shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Needham & Company LLC lifted their price target on shares of Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Melius Research lifted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $163.94.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 6,678,904 shares of company stock worth $894,021,161. Insiders own 3.39% of the company's stock.

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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