Kera Capital Partners Inc. Buys 2,703 Shares of Arista Networks, Inc. $ANET

Key Points

• Kera Capital Partners Inc. increased its holdings in Arista Networks by 4.2%, acquiring an additional 2,703 shares, bringing their total to 67,684 shares worth approximately $6.93 million.
• Arista Networks reported better-than-expected earnings for the latest quarter, with an EPS of $0.73, surpassing analysts' estimates, and revenues of $2.20 billion.
• Multiple hedge funds, including Goldman Sachs and Vanguard Group, have significantly increased their positions in Arista Networks, indicating strong institutional interest in the stock.

Kera Capital Partners Inc. grew its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,684 shares of the technology company's stock after acquiring an additional 2,703 shares during the quarter. Arista Networks accounts for about 1.4% of Kera Capital Partners Inc.'s investment portfolio, making the stock its 18th largest holding. Kera Capital Partners Inc.'s holdings in Arista Networks were worth $6,925,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% during the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after purchasing an additional 1,771,982 shares during the period. Alliancebernstein L.P. raised its position 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 purchasing an additional 1,889,198 shares during the period. Nuveen LLC acquired a new stake in shares of Arista Networks during the first quarter worth about $933,626,000. Northern Trust Corp raised its position in shares of Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after purchasing an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. raised its position 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 purchasing an additional 2,594,184 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Stock Down 8.9%

NYSE ANET opened at $139.35 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The company has a market capitalization of $175.14 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. The firm's 50 day moving average is $126.85 and its 200-day moving average is $100.18.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup raised their price target on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday. Wedbush assumed coverage on Arista Networks in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. Evercore ISI raised their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $157.56.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 7,582,614 shares of company stock valued at $980,712,097 in the last ninety days. 3.39% of the stock is owned by company insiders.

Arista Networks Company 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.

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