Qtron Investments LLC Decreases Position in Arista Networks, Inc. $ANET

Key Points

• Qtron Investments LLC has sold 9,828 shares of Arista Networks, reducing its stake by 59.4%, now holding 6,716 shares valued at approximately $520,000.
• Institutional ownership of Arista Networks stands at 82.47%, with notable increases from firms like Vanguard Group and Cresset Asset Management in the recent quarters.
• Arista Networks reported a strong quarterly earnings performance, with earnings per share of $0.73, exceeding expectations, and a revenue growth of 30.4% compared to last year.

Qtron Investments LLC reduced its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 59.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,716 shares of the technology company's stock after selling 9,828 shares during the quarter. Qtron Investments LLC's holdings in Arista Networks were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cresset Asset Management LLC grew its holdings in shares of Arista Networks by 277.5% during the fourth quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after buying an additional 20,059,303 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Arista Networks during the first quarter valued at $933,626,000. Nuveen Asset Management LLC grew its holdings in shares of Arista Networks by 330.8% during the fourth quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock valued at $1,248,169,000 after buying an additional 8,671,235 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Arista Networks by 354.3% during the fourth quarter. Northern Trust Corp now owns 9,942,816 shares of the technology company's stock valued at $1,098,979,000 after buying an additional 7,753,991 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arista Networks by 278.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock valued at $955,126,000 after buying an additional 6,357,753 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Up 0.3%

Shares of Arista Networks stock traded up $0.4540 during mid-day trading on Thursday, hitting $131.9240. The stock had a trading volume of 5,872,054 shares, compared to its average volume of 10,518,582. The firm has a 50-day moving average of $112.32 and a two-hundred day moving average of $96.65. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $141.99. The firm has a market cap of $165.81 billion, a P/E ratio of 51.89, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37.

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 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 during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks declared that its board has authorized a share buyback program on Tuesday, May 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ANET has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wedbush initiated coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Morgan Stanley upped their price target on shares of Arista Networks from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. KeyCorp upped their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, UBS Group upped their price objective 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. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the transaction, the director owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the transaction, the senior vice president directly owned 12,976 shares of the company's stock, valued at $1,771,353.76. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,823,574 shares of company stock valued at $721,676,802 in the last 90 days. Company insiders own 3.39% of the company's stock.

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.