Shell Asset Management Co. Has $2.07 Million Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Shell Asset Management Co. increased its stake in Arista Networks by 47.8%, now holding shares worth approximately $2.07 million.
• CEO Jayshree Ullal sold over 1.7 million shares, reducing her holdings by 23.86%, with insider transactions totaling nearly $894 million in the last 90 days.
• Arista Networks reported a quarterly earnings per share (EPS) of $0.73, exceeding estimates, with revenue increased by 30.4% year-over-year, amounting to $2.20 billion.

Shell Asset Management Co. raised its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 47.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,192 shares of the technology company's stock after acquiring an additional 6,533 shares during the period. Shell Asset Management Co.'s holdings in Arista Networks were worth $2,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANET. Brighton Jones LLC raised its holdings in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Arista Networks in the 4th quarter valued at $202,000. Bison Wealth LLC bought a new position in shares of Arista Networks in the 4th quarter valued at $251,000. NBC Securities Inc. bought a new position in shares of Arista Networks in the 1st quarter valued at $84,000. Finally, Capital Investment Advisors LLC increased its stake in shares of Arista Networks by 29.2% in the 1st quarter. Capital Investment Advisors LLC now owns 4,845 shares of the technology company's stock valued at $375,000 after purchasing an additional 1,095 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is owned by company insiders.

Arista Networks Price Performance

ANET opened at $157.37 on Thursday. The stock's 50 day simple moving average is $139.41 and its 200 day simple moving average is $107.74. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $158.51. The firm has a market cap of $197.79 billion, a price-to-earnings ratio of 61.90, a PEG ratio of 3.03 and a beta of 1.47.

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 (EPS) 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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.53 EPS. Arista Networks'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. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ANET shares. Wells Fargo & Company lifted their price target on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Wolfe Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Evercore ISI boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Morgan Stanley upped their price target on Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Finally, William Blair reiterated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $162.00.

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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