UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Position in Arista Networks, Inc. $ANET

Key Points

• UBS Asset Management has increased its stake in Arista Networks, buying an additional 54,040 shares, bringing its total ownership to approximately 8.7 million shares valued at $673.7 million, indicating a 0.6% increase since the first quarter.
• In recent analyst ratings, UBS Group has raised its price target for Arista Networks from $115 to $155, while the stock has been assigned a consensus rating of "Moderate Buy" with an average target price of $138.79.
• Arista Networks reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' expectations of $0.65, alongside a revenue of $2.20 billion for the quarter which is a 30.4% increase year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,695,366 shares of the technology company's stock after buying an additional 54,040 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.69% of Arista Networks worth $673,717,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks during the fourth quarter valued at $202,000. Bank Pictet & Cie Europe AG increased its position in Arista Networks by 433.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock valued at $1,200,000 after acquiring an additional 8,822 shares during the last quarter. Bison Wealth LLC bought a new position in Arista Networks during the fourth quarter valued at $251,000. Finally, First Manhattan CO. LLC. bought a new position in Arista Networks during the fourth quarter valued at $279,000. Hedge funds and other 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 stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 6,334,926 shares of company stock valued at $795,392,998. Company insiders own 3.39% of the company's stock.

Arista Networks Price Performance

Shares of ANET stock traded down $13.69 during mid-day trading on Friday, hitting $139.35. 17,882,765 shares of the stock traded hands, compared to its average volume of 10,417,402. The stock has a market cap of $175.14 billion, a P/E ratio of 54.81, a P/E/G ratio of 3.54 and a beta of 1.50. The stock's fifty day moving average is $126.11 and its two-hundred day moving average is $99.86. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during 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 company's quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ANET. Wells Fargo & Company boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday. Needham & Company LLC boosted their target price on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Rosenblatt Securities boosted their target price on shares of Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday. Wolfe Research boosted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Wedbush assumed coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set an "outperform" rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of "Moderate Buy" and an average price target of $157.56.

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.