Mn Services Vermogensbeheer B.V. Purchases 11,900 Shares of Arista Networks, Inc. $ANET

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Arista Networks by 3.1% during Q2, now holding approximately 400,776 shares valued at $41 million.
• Arista Networks reported a quarterly earnings per share of $0.73, surpassing estimates and achieving a 30.4% revenue increase year-over-year.
• Insider trading activity includes CEO Jayshree Ullal selling over 1.2 million shares for approximately $185 million, reducing her ownership stake by nearly 19%.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,776 shares of the technology company's stock after purchasing an additional 11,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Arista Networks were worth $41,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighMark Wealth Management LLC grew its holdings in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank bought a new stake in shares of Arista Networks during the 1st quarter valued at about $33,000. McIlrath & Eck LLC bought a new position in shares of Arista Networks during the 4th quarter valued at approximately $35,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. BNP Paribas Exane lowered Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price objective on the stock. in a report on Wednesday, June 11th. Redburn Atlantic initiated coverage on Arista Networks in a research note on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective on the stock. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and a consensus target price of $157.88.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 7,582,614 shares of company stock worth $983,487,717 in the last quarter. 3.39% of the stock is currently owned by insiders.

Arista Networks Trading Up 1.9%

NYSE ANET traded up $2.85 during trading hours on Friday, reaching $149.51. 17,808,627 shares of the company's stock were exchanged, compared to its average volume of 8,846,882. The firm has a fifty day moving average of $130.85 and a 200-day moving average of $102.17. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The stock has a market cap of $187.91 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 3.12 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The firm's quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current 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.