Yarbrough Capital LLC Buys 3,573 Shares of Arista Networks, Inc. $ANET

Key Points

• Yarbrough Capital LLC increased its stake in Arista Networks by 12.2% during the second quarter, acquiring an additional 3,573 shares, bringing its total to 32,953 shares valued at approximately $3.37 million.
• Several institutional investors, including Goldman Sachs Group and Vanguard Group, have also made significant adjustments to their positions in Arista Networks, illustrating robust institutional interest as 82.47% of the stock is held by such investors.
• In recent insider trades, both CEO Jayshree Ullal and insider Kenneth Duda sold a substantial number of shares, indicating a notable decrease in their ownership positions while still maintaining significant shares in the company.

Yarbrough Capital LLC lifted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,953 shares of the technology company's stock after acquiring an additional 3,573 shares during the quarter. Yarbrough Capital LLC's holdings in Arista Networks were worth $3,371,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ANET. Vanguard Group Inc. increased its stake in Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock valued at $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Arista Networks by 9.0% in the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Arista Networks during the first quarter valued at approximately $933,626,000. Northern Trust Corp lifted its holdings in Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after acquiring an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares of the company's stock, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares of the company's stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,640,614 shares of company stock valued at $992,096,077. Corporate insiders own 3.54% of the company's stock.

Arista Networks Trading Down 1.1%

Shares of ANET stock opened at $143.82 on Wednesday. The firm's 50 day moving average is $132.32 and its 200 day moving average is $103.02. The stock has a market capitalization of $180.76 billion, a P/E ratio of 56.57, a PEG ratio of 3.03 and a beta of 1.50. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32.

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

Analysts Set New Price Targets

ANET has been the subject of several research analyst reports. Rosenblatt Securities raised their target price on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. The Goldman Sachs Group lifted their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Redburn Atlantic assumed coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 target price on the stock. UBS Group raised their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Piper Sandler upped their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.88.

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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