Institute for Wealth Management LLC. purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,375 shares of the technology company's stock, valued at approximately $243,000.
A number of other large investors also recently modified their holdings of ANET. Nuveen LLC acquired a new position in shares of Arista Networks during the first quarter worth approximately $933,626,000. AQR Capital Management LLC lifted its holdings in shares of Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after buying an additional 4,678,372 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after buying an additional 2,594,184 shares during the last quarter. Amundi lifted its holdings in shares of Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company's stock worth $611,852,000 after buying an additional 2,240,045 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after buying an additional 1,889,198 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Arista Networks Price Performance
Shares of NYSE:ANET opened at $144.55 on Friday. The business's fifty day moving average price is $136.91 and its two-hundred day moving average price is $105.93. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The stock has a market capitalization of $181.68 billion, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47.
Arista Networks (NYSE:ANET - Get Free Report) last announced 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 firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The business's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on ANET shares. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Barclays boosted their price objective on Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. William Blair restated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. UBS Group boosted their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC boosted their price objective on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks has a consensus rating of "Moderate Buy" and an average target price of $162.00.
Read Our Latest Analysis on Arista Networks
Insider Buying and Selling at Arista Networks
In other news, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,670,904 shares of company stock worth $892,841,241 over the last three months. Company insiders own 3.39% of the company's stock.
About Arista Networks
(
Free Report)
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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