Trexquant Investment LP Raises Position in Arista Networks, Inc. $ANET

Key Points

• Trexquant Investment LP increased its holdings in Arista Networks by 147.6%, owning 687,269 shares, making it the firm's 7th largest investment.
• CEO Jayshree Ullal sold over 1.7 million shares of Arista Networks stock, reducing her ownership by nearly 24% following the transaction.
• Arista Networks reported $2.20 billion in revenue for the last quarter, marking a 30.4% year-over-year growth and beating analysts' expectations.

Trexquant Investment LP lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 147.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 687,269 shares of the technology company's stock after purchasing an additional 409,686 shares during the period. Arista Networks comprises about 0.6% of Trexquant Investment LP's investment portfolio, making the stock its 7th biggest holding. Trexquant Investment LP owned about 0.05% of Arista Networks worth $53,250,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. HighMark Wealth Management LLC raised its stake in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after acquiring an additional 230 shares during the period. Quarry LP raised its stake in Arista Networks by 381.5% during the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock worth $29,000 after acquiring an additional 206 shares during the period. Dunhill Financial LLC raised its stake in Arista Networks by 415.7% during the fourth quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock worth $29,000 after acquiring an additional 212 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks during the first quarter worth about $30,000. Finally, McIlrath & Eck LLC acquired a new stake in Arista Networks during the fourth quarter worth about $35,000. Institutional investors own 82.47% of the company's stock.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 5,847,614 shares of company stock worth $724,868,593 in the last quarter. 3.39% of the stock is owned by company insiders.

Arista Networks Trading Down 0.7%

Shares of NYSE:ANET opened at $133.29 on Thursday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $141.99. The firm has a market capitalization of $167.52 billion, a P/E ratio of 52.42, a PEG ratio of 3.16 and a beta of 1.37. The firm's 50 day moving average is $116.38 and its two-hundred day moving average is $97.29.

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

Arista Networks declared that its board has approved a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Evercore ISI set a $150.00 price objective on shares of Arista Networks and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Piper Sandler increased their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Needham & Company LLC increased their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target on the stock. in a research note on Wednesday, June 11th. Finally, BNP Paribas lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.07.

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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