Arista Networks, Inc. $ANET Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 74.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,266 shares of the technology company’s stock after buying an additional 92,206 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Arista Networks were worth $22,024,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HighMark Wealth Management LLC raised its position in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC purchased a new stake in Arista Networks in the first quarter valued at approximately $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the first quarter valued at approximately $33,000. Tradewinds Capital Management LLC raised its position in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after purchasing an additional 143 shares during the period. Finally, Costello Asset Management INC raised its position in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated 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 approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 6,670,904 shares of company stock valued at $892,841,241 over the last three months. Company insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANET. Rosenblatt Securities upped their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. UBS Group upped their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Needham & Company LLC upped their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Arista Networks Price Performance

NYSE ANET opened at $149.32 on Thursday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The company has a market capitalization of $187.67 billion, a PE ratio of 58.73, a P/E/G ratio of 3.04 and a beta of 1.47. The company has a fifty day moving average of $136.30 and a two-hundred day moving average of $105.52.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping 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 the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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.