Quantitative Investment Management LLC Has $4.64 Million Position in Arista Networks, Inc. $ANET

Key Points

• Quantitative Investment Management LLC increased its stake in Arista Networks by 600.2%, acquiring a total of 59,878 shares worth approximately $4.64 million as of their latest SEC filing.
• Two prominent investment firms, Jump Financial LLC and Northwestern Mutual Wealth Management Co., raised their holdings in Arista Networks by 212.6% and 337.2% respectively, showing growing institutional interest in the company.
• Recent research reports from major banks, including Citigroup and Barclays, have upgraded Arista Networks with target prices as high as $151.00, signaling strong future growth potential.

Quantitative Investment Management LLC lifted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 600.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,878 shares of the technology company's stock after buying an additional 51,327 shares during the period. Quantitative Investment Management LLC's holdings in Arista Networks were worth $4,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC raised its holdings in shares of Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after acquiring an additional 119 shares during the period. Pier 88 Investment Partners LLC lifted its holdings in shares of Arista Networks by 1.5% in the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock valued at $617,000 after purchasing an additional 120 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of Arista Networks by 31.3% during the first quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock worth $41,000 after buying an additional 125 shares during the period. PFG Advisors boosted its position in shares of Arista Networks by 2.7% during the first quarter. PFG Advisors now owns 5,061 shares of the technology company's stock worth $392,000 after buying an additional 131 shares during the period. Finally, Harbour Investments Inc. raised its position in Arista Networks by 9.4% in the 1st quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock valued at $126,000 after buying an additional 139 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Down 0.7%

Shares of NYSE ANET traded down $0.98 during mid-day trading on Wednesday, reaching $133.29. 6,093,738 shares of the company were exchanged, compared to its average volume of 10,420,322. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $141.99. The stock has a market capitalization of $167.52 billion, a P/E ratio of 52.42, a P/E/G ratio of 3.13 and a beta of 1.37. The company's 50-day simple moving average is $115.52 and its 200-day simple moving average is $97.04.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter last year, the business earned $0.53 EPS. The company's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Arista Networks announced that its board has authorized a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $106.00 to $125.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted 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. Citigroup raised their price objective on Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.07.

Insider Activity

In related news, CEO Jayshree Ullal sold 192,979 shares of Arista Networks stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $139.67, for a total value of $26,953,376.93. Following the transaction, the chief executive officer directly owned 5,623,721 shares of the company's stock, valued at $785,465,112.07. This trade represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's 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 transaction, the director owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,823,574 shares of company stock worth $721,676,802. 3.54% of the stock is currently owned by company insiders.

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.