Sigma Investment Counselors Inc. Increases Holdings in Arista Networks, Inc. $ANET

Key Points

• Sigma Investment Counselors Inc. increased its holdings in Arista Networks by 5.7% during the second quarter, bringing the total to 44,935 shares worth approximately $4.6 million.
• CEO Jayshree Ullal sold over 1.7 million shares in August, marking a 23.86% decrease in her position, while insiders sold a total of $887.8 million worth of shares in the past three months.
• Arista Networks reported a quarterly earnings per share of $0.73, exceeding analysts' expectations, with revenue of $2.20 billion, a 30.4% increase year-over-year.

Sigma Investment Counselors Inc. boosted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,935 shares of the technology company's stock after purchasing an additional 2,417 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in Arista Networks were worth $4,597,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ANET. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after purchasing an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after buying an additional 1,889,198 shares during the period. Nuveen LLC acquired a new position in Arista Networks in the 1st quarter valued at $933,626,000. Northern Trust Corp boosted its holdings in shares of Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after purchasing an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position 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 buying an additional 2,594,184 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business's 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 sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 6,622,904 shares of company stock valued at $887,794,521. Corporate insiders own 3.39% of the company's stock.

Arista Networks Price Performance

Arista Networks stock opened at $143.10 on Friday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68. The company has a fifty day moving average price of $142.11 and a two-hundred day moving average price of $111.15. The company has a market cap of $179.86 billion, a PE ratio of 56.28, a P/E/G ratio of 2.98 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly 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 business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business's quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

ANET has been the topic of several recent analyst reports. William Blair reiterated an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Morgan Stanley set a $171.00 target price on Arista Networks and gave the stock an "overweight" rating in a research report on Friday, October 10th. Barclays raised their price objective on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. BNP Paribas Exane raised shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price target on the stock in a research report on Thursday, September 25th. Finally, Citigroup upped their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and a consensus target price of $163.94.

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.

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