Voya Investment Management LLC Has $239.14 Million Position in Arista Networks, Inc. $ANET

Key Points

• Voya Investment Management LLC increased its stake in Arista Networks, acquiring an additional 1,559,453 shares and lifting its ownership to 3,086,504 shares, valued at approximately $239.14 million.
• A significant portion of Arista Networks' stock, approximately 82.47%, is held by institutional investors and hedge funds, indicating strong institutional confidence in the company's prospects.
• Arista Networks reported earnings of $0.73 per share, surpassing analysts' expectations and reflecting a 30.4% year-over-year revenue increase with a net margin of 40.90%.

Voya Investment Management LLC lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 102.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,086,504 shares of the technology company's stock after acquiring an additional 1,559,453 shares during the quarter. Voya Investment Management LLC owned approximately 0.25% of Arista Networks worth $239,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. eCIO Inc. acquired a new position in shares of Arista Networks in the first quarter worth $36,000. Cim LLC increased its stake in shares of Arista Networks by 62.0% in the first quarter. Cim LLC now owns 191,915 shares of the technology company's stock worth $14,870,000 after acquiring an additional 73,470 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Arista Networks in the first quarter worth $2,766,000. Inspire Investing LLC boosted its holdings in Arista Networks by 20.1% in the first quarter. Inspire Investing LLC now owns 154,905 shares of the technology company's stock worth $12,002,000 after purchasing an additional 25,875 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its holdings in Arista Networks by 7.0% in the first quarter. Silicon Valley Capital Partners now owns 7,680 shares of the technology company's stock worth $599,000 after purchasing an additional 500 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In related news, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president owned 12,976 shares in the company, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the sale, the director owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. The trade was a 12.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,334,926 shares of company stock worth $795,392,998. Company insiders own 3.39% of the company's stock.

Arista Networks Price Performance

ANET stock opened at $153.43 on Friday. The company has a 50-day moving average of $126.11 and a two-hundred day moving average of $99.86. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The stock has a market capitalization of $192.84 billion, a price-to-earnings ratio of 60.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $135.00 price objective (up from $125.00) on shares of Arista Networks in a report on Wednesday, September 3rd. Piper Sandler upped their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wolfe Research assumed coverage on shares of Arista Networks in a report on Tuesday, July 8th. They issued an "outperform" rating for the company. The Goldman Sachs Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, KeyCorp upped their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

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