QRG Capital Management Inc. Buys 36,607 Shares of Arista Networks, Inc. $ANET

Key Points

• QRG Capital Management Inc. increased its stake in Arista Networks by 12.6%, acquiring an additional 36,607 shares, bringing its total ownership to 327,298 shares valued at approximately $33.5 million.
• Several other institutional investors, including Ibex Wealth Advisors and Commonwealth Equity Services LLC, have also enhanced their positions in Arista Networks, contributing to the 82.47% institutional ownership of the company.
• Arista Networks recently reported earnings per share of $0.73, surpassing estimates, and analysts maintain a consensus price target of $162.00 for the stock, with a significant majority giving it a "buy" rating.

QRG Capital Management Inc. raised its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 327,298 shares of the technology company's stock after acquiring an additional 36,607 shares during the quarter. QRG Capital Management Inc.'s holdings in Arista Networks were worth $33,486,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ibex Wealth Advisors increased its stake in shares of Arista Networks by 14.4% in the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after acquiring an additional 7,329 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Arista Networks in the first quarter worth about $629,000. Commonwealth Equity Services LLC increased 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 purchasing an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Arista Networks during the first quarter valued at approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Arista Networks by 94.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock valued at $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Insiders Place Their Bets

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total value of $1,179,920.00. Following the transaction, the director owned 41,784 shares of the company's stock, valued at approximately $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider owned 12,976 shares of the company's stock, valued at $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,678,904 shares of company stock valued at $894,021,161. Company insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

NYSE ANET opened at $145.51 on Friday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The stock has a 50-day moving average of $137.53 and a 200 day moving average of $106.35. The company has a market capitalization of $182.88 billion, a price-to-earnings ratio of 57.23, a PEG ratio of 3.01 and a beta of 1.47.

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 (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. 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. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

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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