Robeco Institutional Asset Management B.V. Boosts Stake in Arista Networks, Inc. $ANET

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Arista Networks by 123.0%, owning over 3 million shares valued at approximately $313.9 million.
• Arista Networks reported a 30.4% year-over-year increase in revenue, reaching $2.20 billion, and beat EPS estimates by $0.08 in their last quarterly earnings.
• Market analysts have raised their price targets for Arista Networks, with Wolfe Research setting a new target of $185.00 and describing the stock as an "outperform."

Robeco Institutional Asset Management B.V. lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 123.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,068,064 shares of the technology company's stock after purchasing an additional 1,692,467 shares during the period. Robeco Institutional Asset Management B.V. owned 0.24% of Arista Networks worth $313,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BSW Wealth Partners increased its stake in shares of Arista Networks by 14.5% in the 2nd quarter. BSW Wealth Partners now owns 5,653 shares of the technology company's stock worth $578,000 after purchasing an additional 718 shares in the last quarter. Precision Wealth Strategies LLC increased its stake in shares of Arista Networks by 6.8% in the 2nd quarter. Precision Wealth Strategies LLC now owns 4,720 shares of the technology company's stock worth $483,000 after purchasing an additional 299 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Arista Networks by 907.6% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 1,058 shares of the technology company's stock worth $108,000 after purchasing an additional 953 shares in the last quarter. Trilogy Capital Inc. increased its stake in shares of Arista Networks by 34.0% in the 2nd quarter. Trilogy Capital Inc. now owns 34,337 shares of the technology company's stock worth $3,513,000 after purchasing an additional 8,712 shares in the last quarter. Finally, QTR Family Wealth LLC purchased a new stake in shares of Arista Networks in the 2nd quarter worth $351,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Up 2.5%

ANET opened at $149.32 on Thursday. The firm has a 50-day simple moving average of $136.30 and a two-hundred day simple moving average of $105.52. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The company has a market capitalization of $187.67 billion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 3.04 and a beta of 1.47.

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

Insider Activity 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 6,670,904 shares of company stock worth $892,841,241. 3.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ANET shares. Wolfe Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. The Goldman Sachs Group increased their price target on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. UBS Group increased their price target on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. BNP Paribas Exane upgraded Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price target for the company in a research note on Thursday, September 25th. Finally, Needham & Company LLC increased their price target on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $162.00.

About Arista Networks

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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