Nissay Asset Management Corp Japan ADV Has $15.64 Million Stock Position in Arista Networks, Inc. $ANET

Key Points

• Nissay Asset Management Corp Japan ADV increased its shareholding in Arista Networks by 4.9% in the first quarter, owning 201,825 shares valued at approximately $15.64 million.
• CEO Jayshree Ullal sold over 1.7 million shares on August 6th, reducing her stake by 23.86% and earning approximately $243 million from the transaction.
• Arista Networks reported a strong earnings performance for the last quarter, with EPS of $0.73 surpassing analyst expectations, and revenue growth of 30.4% year-over-year, reaching $2.20 billion.

Nissay Asset Management Corp Japan ADV lifted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,825 shares of the technology company's stock after purchasing an additional 9,508 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Arista Networks were worth $15,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Nearwater Capital Markets Ltd boosted its stake in Arista Networks by 100.0% during the first quarter. Nearwater Capital Markets Ltd now owns 200,000 shares of the technology company's stock worth $15,496,000 after buying an additional 100,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Arista Networks by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 155,780 shares of the technology company's stock valued at $12,071,000 after buying an additional 11,317 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Arista Networks by 4.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,627,057 shares of the technology company's stock worth $281,024,000 after acquiring an additional 164,569 shares during the period. KADENSA CAPITAL Ltd bought a new position in shares of Arista Networks during the 1st quarter worth about $12,296,000. Finally, Hancock Whitney Corp boosted its position in shares of Arista Networks by 6.1% during the 1st quarter. Hancock Whitney Corp now owns 156,466 shares of the technology company's stock valued at $12,123,000 after acquiring an additional 8,949 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 5,839,614 shares of company stock worth $724,163,153. 3.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ANET has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Redburn Atlantic assumed coverage on Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 target price for the company. Rosenblatt Securities raised their target price on Arista Networks from $106.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. KeyCorp boosted their price target on Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup increased their price objective on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $138.79.

Arista Networks Price Performance

NYSE ANET opened at $142.83 on Friday. The stock's 50 day simple moving average is $122.49 and its 200 day simple moving average is $98.56. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $145.46. The firm has a market cap of $179.52 billion, a PE ratio of 56.18, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The company 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 was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share 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.

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