KRS Capital Management LLC Purchases Shares of 2,785 Arista Networks, Inc. $ANET

Key Points

• KRS Capital Management LLC has acquired 2,785 shares of Arista Networks, Inc. (NYSE:ANET) valued at approximately $285,000, marking its new position during the second quarter.
• Several other institutional investors have increased their stakes in Arista Networks, with hedge funds owning 82.47% of the company's stock.
• Arista Networks reported earnings of $0.73 per share for the last quarter, exceeding analysts' estimates, alongside a revenue growth of 30.4% year-over-year.

KRS Capital Management LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,785 shares of the technology company's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANET. Vanguard Group Inc. grew its stake in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Arista Networks by 9.0% in the 1st 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. Nuveen LLC purchased a new stake in shares of Arista Networks in the 1st quarter worth approximately $933,626,000. Northern Trust Corp grew its stake in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after buying an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Arista Networks by 37.3% in the 1st 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. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Up 0.8%

NYSE:ANET opened at $158.57 on Friday. The business's 50-day simple moving average is $140.11 and its two-hundred day simple moving average is $108.23. The stock has a market cap of $199.30 billion, a PE ratio of 62.37, a P/E/G ratio of 3.28 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $159.80.

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, 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 return on equity of 31.05% and a net margin of 40.90%.The business's quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Rosenblatt Securities increased their target price on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, September 12th. Finally, Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and an average price target of $162.00.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated 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 owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 6,678,904 shares of company stock worth $894,021,161 in the last ninety days. Company insiders own 3.39% of the company's stock.

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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