Sequoia Financial Advisors LLC Purchases 6,064 Shares of Arista Networks, Inc. $ANET

Sequoia Financial Advisors LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,514 shares of the technology company's stock after acquiring an additional 6,064 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Arista Networks were worth $3,429,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ANET. Nuveen LLC bought a new stake in Arista Networks during the first quarter worth $933,626,000. AQR Capital Management LLC lifted its holdings in Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after acquiring an additional 4,678,372 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after acquiring an additional 2,594,184 shares during the period. Amundi lifted its holdings in Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company's stock worth $611,852,000 after acquiring an additional 2,240,045 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Performance

ANET stock opened at $138.76 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The business's 50 day moving average price is $141.81 and its two-hundred day moving average price is $109.79. The company has a market capitalization of $174.40 billion, a price-to-earnings ratio of 54.58, a price-to-earnings-growth ratio of 3.07 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 for the quarter, topping analysts' consensus estimates 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 the consensus estimate 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% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of recent research reports. Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. The Goldman Sachs Group lifted their price objective on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, September 12th. KeyCorp lifted their price objective on Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. Finally, Needham & Company LLC lifted 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. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.94.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 26,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.80, for a total value of $3,686,800.00. Following the sale, the insider owned 562,400 shares in the company, valued at $79,748,320. This represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,678,904 shares of company stock worth $894,021,161 in the last 90 days. Insiders own 3.54% 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.

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