Linden Thomas Advisory Services LLC Has $8.32 Million Position in Arista Networks, Inc. $ANET

Key Points

• Linden Thomas Advisory Services LLC increased its position in Arista Networks by 21.0%, now holding 81,320 shares worth approximately $8.32 million.
• Arista Networks reported $0.73 EPS for the last quarter, exceeding expectations, with revenue reaching $2.20 billion, showing a 30.4% increase year-over-year.
• Shares of Arista Networks have traded between a 12-month low of $59.43 and a high of $162.68, with a market capitalization of $193.96 billion.

Linden Thomas Advisory Services LLC raised its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,320 shares of the technology company's stock after acquiring an additional 14,128 shares during the period. Arista Networks comprises about 0.9% of Linden Thomas Advisory Services LLC's investment portfolio, making the stock its 9th largest holding. Linden Thomas Advisory Services LLC's holdings in Arista Networks were worth $8,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Arista Networks by 1.8% in the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock valued at $7,581,955,000 after acquiring an additional 1,771,982 shares during the period. Alliancebernstein L.P. grew its stake in Arista Networks by 9.0% in the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares during the period. Nuveen LLC acquired a new position in shares of Arista Networks during the first quarter worth about $933,626,000. Northern Trust Corp boosted 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 buying an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted 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 buying an additional 2,594,184 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

NYSE ANET traded up $1.56 during trading hours on Friday, hitting $154.32. 5,168,963 shares of the company traded hands, compared to its average volume of 8,033,250. The business's 50-day moving average is $143.22 and its 200-day moving average is $113.64. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The stock has a market capitalization of $193.96 billion, a price-to-earnings ratio of 60.70, a P/E/G ratio of 3.18 and a beta of 1.47.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. BNP Paribas Exane raised Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective for the company in a research report on Thursday, September 25th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a research report on Thursday, September 25th. Melius Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arista Networks in a research report on Tuesday, October 14th. Nineteen equities 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 a consensus rating of "Moderate Buy" and an average target price of $163.94.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at $6,162,722.16. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value 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 $799,567,735.71. This represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,617,342 shares of company stock worth $888,707,954 over the last 90 days. Company insiders own 3.39% 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.

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