Arista Networks, Inc. $ANET Shares Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its holdings in Arista Networks, Inc. by 4.8%, now owning 3,627,057 shares, which constitutes about 1.1% of their portfolio.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks for approximately $243 million, reducing her ownership by 23.86%.
• Arista Networks reported a 30.4% year-over-year increase in quarterly revenue, reaching $2.20 billion, and surpassed earnings expectations with $0.73 EPS against a consensus of $0.65.

Jacobs Levy Equity Management Inc. raised its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,627,057 shares of the technology company's stock after acquiring an additional 164,569 shares during the quarter. Arista Networks makes up about 1.1% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 12th biggest holding. Jacobs Levy Equity Management Inc. owned about 0.29% of Arista Networks worth $281,024,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC lifted its stake in Arista Networks by 5.1% in the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after acquiring an additional 119 shares during the last quarter. Pier 88 Investment Partners LLC lifted its stake in Arista Networks by 1.5% in the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock worth $617,000 after acquiring an additional 120 shares during the last quarter. Optimum Investment Advisors lifted its stake in Arista Networks by 31.3% in the first quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock worth $41,000 after acquiring an additional 125 shares during the last quarter. PFG Advisors lifted its stake in Arista Networks by 2.7% in the first quarter. PFG Advisors now owns 5,061 shares of the technology company's stock worth $392,000 after acquiring an additional 131 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in Arista Networks by 9.4% in the first quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock worth $126,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Trading Up 1.2%

Shares of Arista Networks stock traded up $1.66 during trading on Tuesday, reaching $141.67. The company's stock had a trading volume of 3,217,910 shares, compared to its average volume of 10,281,599. The company has a 50-day moving average price of $123.24 and a two-hundred day moving average price of $98.78. The firm has a market cap of $178.06 billion, a PE ratio of 55.72, a P/E/G ratio of 3.36 and a beta of 1.49. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $145.46.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for 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 company's quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wolfe Research initiated coverage on shares of Arista Networks in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Rosenblatt Securities raised their price objective on shares of Arista Networks from $106.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC raised their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Fourteen investment 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 has an average rating of "Moderate Buy" and a consensus price target of $138.79.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 5,839,614 shares of company stock valued at $724,163,153. Insiders own 3.54% of the company's stock.

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.