Teza Capital Management LLC Invests $584,000 in Arista Networks, Inc. $ANET

Key Points

• Teza Capital Management LLC acquired a new stake in Arista Networks, Inc. worth approximately $584,000, acquiring 7,533 shares during the first quarter.
• The stock of Arista Networks recently dropped by 2.1%, closing at $139.91, while the company boasts a market cap of $175.84 billion and a price-to-earnings ratio of 55.03.
• Research analysts have generally upgraded their ratings on Arista Networks, with several raising their price targets, including JPMorgan Chase & Co. lifting it from $130 to $150 and others following suit on August 6th.

Teza Capital Management LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,533 shares of the technology company's stock, valued at approximately $584,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANET. DSG Capital Advisors LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $5,984,000. Ibex Wealth Advisors grew its stake in Arista Networks by 14.4% in the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after buying an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new position in Arista Networks in the 1st quarter worth $629,000. Commonwealth Equity Services LLC lifted its position in Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after acquiring an additional 101,162 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Arista Networks during the first quarter valued at about $15,227,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Up 1.3%

Arista Networks stock traded up $1.89 on Tuesday, hitting $141.90. The company's stock had a trading volume of 6,106,975 shares, compared to its average volume of 10,299,648. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $145.46. The firm has a market cap of $178.35 billion, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 3.36 and a beta of 1.49. The company has a fifty day moving average price of $123.24 and a 200-day moving average price of $98.78.

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

Insider Buying and Selling at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director owned 57,784 shares of the company's stock, valued at $6,761,305.84. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction 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 transaction, the senior vice president owned 12,976 shares of the company's stock, valued at $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,839,614 shares of company stock valued at $724,163,153. 3.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of several research analyst reports. Barclays reaffirmed an "overweight" rating and issued a $151.00 price target (up from $119.00) on shares of Arista Networks in a research report on Thursday, August 7th. Piper Sandler raised their target price on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Citigroup lifted their price target on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wedbush started coverage on Arista Networks in a research report on Wednesday, May 28th. They issued an "outperform" rating for the company. Finally, BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price on the stock. in a research report on Wednesday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.79.

About Arista Networks

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.