MBB Public Markets I LLC Invests $293,000 in Arista Networks, Inc. $ANET

Key Points

• MBB Public Markets I LLC has acquired a new stake in Arista Networks, purchasing 3,782 shares valued at approximately $293,000.
• Several large institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., significantly increased their stakes in Arista Networks during the first quarter of the year.
• Analysts have set new target prices for Arista Networks, with JPMorgan raising it from $130 to $150 and fourteen analysts currently rating the stock as a "Buy."

MBB Public Markets I LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,782 shares of the technology company's stock, valued at approximately $293,000.

Other large investors also recently made changes to their positions in the company. HighMark Wealth Management LLC boosted its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks during the first quarter valued at about $30,000. Saudi Central Bank purchased a new stake in Arista Networks during the first quarter valued at about $33,000. McIlrath & Eck LLC purchased a new stake in Arista Networks during the fourth quarter valued at about $35,000. Finally, Tradewinds Capital Management LLC lifted its stake in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after buying an additional 143 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ANET shares. Barclays increased their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday. Wolfe Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup increased their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target for the company. in a research report on Wednesday, June 11th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.56.

Insider Activity

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

Arista Networks Price Performance

Shares of Arista Networks stock traded down $13.69 during midday trading on Friday, hitting $139.35. The company had a trading volume of 17,882,765 shares, compared to its average volume of 7,918,403. The business's 50 day simple moving average is $126.85 and its two-hundred day simple moving average is $100.21. The stock has a market cap of $175.14 billion, a PE ratio of 54.81, a P/E/G ratio of 3.60 and a beta of 1.50. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last issued its 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 during 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%.Arista Networks's quarterly revenue was up 30.4% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.