Wellington Management Group LLP Has $779.55 Million Holdings in Arista Networks, Inc. $ANET

Key Points

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Wellington Management Group LLP trimmed its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,061,343 shares of the technology company's stock after selling 952,168 shares during the period. Wellington Management Group LLP owned about 0.80% of Arista Networks worth $779,553,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ANET. HighMark Wealth Management LLC boosted its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after acquiring an additional 230 shares in the last quarter. Quarry LP boosted its position in shares of Arista Networks by 381.5% during the 4th quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after acquiring an additional 206 shares in the last quarter. Dunhill Financial LLC boosted its position in shares of Arista Networks by 415.7% during the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks during the 1st quarter valued at about $30,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Arista Networks during the 4th quarter valued at about $35,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANET. Needham & Company LLC lifted their target price on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group lifted their target price on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wedbush began coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Barclays restated 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. Finally, UBS Group boosted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and an average target price of $138.07.

Arista Networks Stock Performance

Shares of NYSE ANET traded up $0.4540 during trading on Thursday, reaching $131.9240. The company had a trading volume of 5,872,054 shares, compared to its average volume of 10,518,582. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $141.99. The stock has a market cap of $165.81 billion, a PE ratio of 51.89, a PEG ratio of 3.12 and a beta of 1.37. The business's 50 day moving average price is $112.32 and its 200-day moving average price is $96.65.

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

Arista Networks declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 192,979 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $139.67, for a total transaction of $26,953,376.93. Following the completion of the sale, the chief executive officer directly owned 5,623,721 shares of the company's stock, valued at $785,465,112.07. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the sale, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This trade represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,823,574 shares of company stock valued at $721,676,802 over the last ninety days. Insiders own 3.39% of the company's stock.

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.