Sonora Investment Management Group LLC Makes New Investment in Arista Networks, Inc. $ANET

Key Points

• Sonora Investment Management Group LLC has purchased a new position in Arista Networks, acquiring 2,198 shares valued at approximately $225,000 in the second quarter.
• Notable institutional investors such as Vanguard Group and Goldman Sachs Group have increased their holdings significantly, indicating strong interest in Arista Networks.
• Arista Networks reported a quarterly revenue of $2.20 billion, exceeding analyst expectations and reflecting a year-over-year growth of 30.4%.

Sonora Investment Management Group LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,198 shares of the technology company's stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Arista Networks by 1.8% during the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the period. Alliancebernstein L.P. boosted its position 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 worth $1,778,880,000 after buying an additional 1,889,198 shares during the period. Nuveen LLC purchased a new position in shares of Arista Networks during the first quarter worth $933,626,000. Northern Trust Corp boosted its position 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 buying an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,678,904 shares of company stock worth $893,636,121 over the last ninety days. Corporate insiders own 3.54% of the company's stock.

Arista Networks Price Performance

Arista Networks stock opened at $142.53 on Monday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The stock has a market cap of $179.14 billion, a PE ratio of 56.06, a P/E/G ratio of 2.97 and a beta of 1.49. The stock's fifty day moving average is $134.23 and its two-hundred day moving average is $104.52.

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 for the quarter, beating 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 company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period last year, the firm earned $0.53 earnings per share. Arista Networks's quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ANET. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, September 12th. BNP Paribas upgraded Arista Networks from a "hold" rating to an "outperform" rating in a report on Thursday. Finally, Melius Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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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