Sivia Capital Partners LLC Has $1.10 Million Position in Arista Networks, Inc. $ANET

Key Points

• Sivia Capital Partners LLC increased its position in Arista Networks by 48.4%, holding shares worth approximately $1.1 million after purchasing an additional 3,496 shares.
• Arista Networks received numerous upgrades from analysts, with price targets ranging from $140.00 to $176.00, indicating a consensus rating of "Moderate Buy".
• The company reported strong earnings, with a net margin of 40.90% and quarterly revenue increasing by 30.4% year-over-year, exceeding expectations with $2.20 billion in revenue.

Sivia Capital Partners LLC lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 48.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,723 shares of the technology company's stock after purchasing an additional 3,496 shares during the quarter. Sivia Capital Partners LLC's holdings in Arista Networks were worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ANET. DSG Capital Advisors LLC bought a new position in shares of Arista Networks during the fourth quarter worth about $5,984,000. Ibex Wealth Advisors grew its holdings in shares of Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after buying an additional 7,329 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Arista Networks during the first quarter worth about $629,000. Commonwealth Equity Services LLC grew its holdings in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after buying an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Arista Networks during the first quarter worth about $15,227,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Ratings Changes

ANET has been the subject of a number of research reports. Citigroup increased their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Rosenblatt Securities raised their price target on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, September 12th. Morgan Stanley raised their price target on Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Evercore ISI raised their price target on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Finally, Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $157.88.

Arista Networks Trading Down 2.2%

Shares of NYSE ANET opened at $142.24 on Wednesday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The stock has a 50 day moving average of $128.50 and a 200-day moving average of $100.92. The company has a market capitalization of $178.78 billion, a P/E ratio of 55.94, a P/E/G ratio of 3.03 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm'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. Analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the sale, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the sale, the senior vice president directly owned 12,976 shares of the company's stock, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,526,614 shares of company stock valued at $975,547,217. 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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