KADENSA CAPITAL Ltd Purchases New Holdings in Arista Networks, Inc. $ANET

Key Points

• KADENSA CAPITAL Ltd acquired 158,693 shares of Arista Networks, Inc. for approximately $12.3 million, making it the fund's 29th biggest holding.
• CEO Jayshree Ullal sold 1,785,165 shares of the company's stock for over $243 million, reducing her stake by 23.86%.
• Research firms have mixed ratings for Arista Networks, with target prices ranging from $106 to $155, and an average consensus rating of "Moderate Buy."

KADENSA CAPITAL Ltd purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 158,693 shares of the technology company's stock, valued at approximately $12,296,000. Arista Networks makes up about 1.5% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also recently made changes to their positions in ANET. Clearstead Trust LLC grew its stake in Arista Networks by 5.1% during the 1st quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after buying an additional 119 shares during the last quarter. Pier 88 Investment Partners LLC lifted its stake in Arista Networks by 1.5% in the 1st 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 in the last quarter. Optimum Investment Advisors increased its position in Arista Networks by 31.3% in the 1st quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock worth $41,000 after purchasing an additional 125 shares during the last quarter. PFG Advisors increased its holdings in shares of Arista Networks by 2.7% during the 1st quarter. PFG Advisors now owns 5,061 shares of the technology company's stock valued at $392,000 after acquiring an additional 131 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Arista Networks by 9.4% during the 1st quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock valued at $126,000 after acquiring an additional 139 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Down 2.1%

Shares of NYSE:ANET traded down $2.94 during midday trading on Monday, reaching $139.91. 7,892,771 shares of the company traded hands, compared to its average volume of 10,313,489. The firm has a market capitalization of $175.84 billion, a price-to-earnings ratio of 55.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.49. The firm's fifty day moving average price is $122.49 and its two-hundred day moving average price is $98.49. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $145.46.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 24,040 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $132.77, for a total value of $3,191,790.80. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,316,680.09. This trade represents a 70.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the transaction, the senior vice president directly owned 12,976 shares of the company's stock, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,839,614 shares of company stock worth $724,163,153. Corporate insiders own 3.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANET. Citigroup boosted their price objective on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Redburn Atlantic started coverage on Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target for the company. KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on Arista Networks from $130.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, BNP Paribas downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.79.

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.