Vanguard Personalized Indexing Management LLC Has $15.77 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Vanguard Personalized Indexing Management LLC has increased its holdings in Arista Networks by 21.8% in the second quarter, owning a total of 154,089 shares valued at approximately $15.77 million.
• Analysts have raised their price targets for Arista Networks, with Melius Research and Goldman Sachs now targeting prices of $185.00 and $175.00, respectively, maintaining their "buy" ratings.
• Arista Networks reported Q2 earnings of $0.73 EPS, surpassing estimates, with revenues rising 30.4% year-over-year to $2.20 billion.

Vanguard Personalized Indexing Management LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,089 shares of the technology company's stock after buying an additional 27,530 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Arista Networks were worth $15,765,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ANET. Brighton Jones LLC boosted its stake in shares of 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 purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks during the fourth quarter valued at about $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks during the fourth quarter valued at about $251,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Arista Networks during the first quarter valued at about $460,000. Finally, Focus Financial Network Inc. boosted its stake in shares of Arista Networks by 39.2% during the first quarter. Focus Financial Network Inc. now owns 3,180 shares of the technology company's stock valued at $246,000 after purchasing an additional 896 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Melius Research lifted their price target on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, September 12th. The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the company an "overweight" rating in a report on Friday. Needham & Company LLC boosted their price objective on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Piper Sandler upped their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Arista Networks presently has an average rating of "Moderate Buy" and a consensus price target of $163.94.

Arista Networks Price Performance

Shares of NYSE ANET opened at $154.51 on Friday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The business's fifty day moving average price is $140.85 and its 200-day moving average price is $108.89. The stock has a market capitalization of $194.19 billion, a PE ratio of 60.77, a P/E/G ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results 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 return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is owned by company insiders.

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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