Lbp Am Sa Acquires 33,241 Shares of Arista Networks, Inc. $ANET

Key Points

• Lbp Am Sa has increased its stake in Arista Networks by 34.6%, acquiring an additional 33,241 shares during Q2, bringing its total holdings to 129,244 shares valued at approximately $13.2 million.
• Research analysts have issued positive ratings for Arista Networks, with several firms increasing their price targets, such as Barclays raising it from $151 to $179 and Melius Research from $160 to $185.
• CEO Jayshree Ullal recently sold over 1.2 million shares of Arista Networks, representing an 18.82% decrease in her holdings, while insiders have sold a total of approximately $892.8 million worth of shares in the last quarter.

Lbp Am Sa grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 34.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,244 shares of the technology company's stock after buying an additional 33,241 shares during the quarter. Lbp Am Sa's holdings in Arista Networks were worth $13,223,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ibex Wealth Advisors grew its stake in shares of Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after buying an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Arista Networks during the first quarter valued at approximately $629,000. Commonwealth Equity Services LLC grew its stake in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after buying an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Arista Networks in the first quarter worth approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Arista Networks by 94.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock worth $50,363,000 after purchasing an additional 316,309 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ANET shares. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Barclays increased their price objective on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Melius Research increased their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Rosenblatt Securities increased their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Stock Up 1.6%

Arista Networks stock opened at $145.73 on Wednesday. The business has a fifty day moving average of $135.58 and a two-hundred day moving average of $105.22. The firm has a market cap of $183.16 billion, a P/E ratio of 57.32, a P/E/G ratio of 2.99 and a beta of 1.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. Arista Networks's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In other news, 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 transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,670,904 shares of company stock worth $892,841,241. Insiders own 3.54% of the company's stock.

About Arista Networks

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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