Syntax Research Inc. Acquires 8,977 Shares of Arista Networks, Inc. $ANET

Syntax Research Inc. increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 40.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,977 shares of the technology company's stock after acquiring an additional 8,977 shares during the quarter. Arista Networks comprises about 2.3% of Syntax Research Inc.'s investment portfolio, making the stock its 14th largest holding. Syntax Research Inc.'s holdings in Arista Networks were worth $3,169,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in 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 acquiring an additional 1,771,982 shares during the period. Alliancebernstein L.P. increased its position 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. Nuveen LLC bought a new position in Arista Networks during the first quarter worth about $933,626,000. Northern Trust Corp increased its position in 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 acquiring an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock valued at $740,126,000 after purchasing an additional 2,594,184 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Transactions at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares of the company's stock, valued at approximately $1,839,867.04. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Insiders sold a total of 6,670,904 shares of company stock valued at $892,841,241 in the last quarter. 3.39% of the stock is currently owned by company insiders.

Arista Networks Stock Down 3.2%

Shares of ANET stock opened at $144.55 on Friday. The company has a market cap of $181.68 billion, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The firm has a 50 day moving average of $136.91 and a 200-day moving average of $105.93.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ANET. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Piper Sandler raised their target price on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. William Blair reissued an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Melius Research raised their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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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