QRG Capital Management Inc. Buys 36,607 Shares of Arista Networks, Inc. $ANET

QRG Capital Management Inc. grew its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,298 shares of the technology company’s stock after buying an additional 36,607 shares during the period. QRG Capital Management Inc.’s holdings in Arista Networks were worth $33,486,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. 1900 Wealth Management LLC boosted its position in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after purchasing an additional 98 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after buying an additional 100 shares in the last quarter. XML Financial LLC boosted its holdings in Arista Networks by 0.6% in the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after buying an additional 100 shares during the period. CX Institutional increased its stake in Arista Networks by 1.4% in the 2nd quarter. CX Institutional now owns 7,703 shares of the technology company’s stock worth $788,000 after buying an additional 110 shares in the last quarter. Finally, McAdam LLC increased its stake in Arista Networks by 2.6% in the 2nd quarter. McAdam LLC now owns 4,594 shares of the technology company’s stock worth $470,000 after buying an additional 116 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ANET has been the subject of a number of recent analyst reports. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Citigroup upped their price target on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Rosenblatt Securities increased their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Price Performance

Shares of ANET opened at $145.51 on Friday. The stock has a market capitalization of $182.88 billion, a price-to-earnings ratio of 57.23, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The business’s 50 day simple moving average is $137.53 and its 200-day simple moving average is $106.35.

Arista Networks (NYSE:ANET) last announced its quarterly 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. The company 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%. Arista Networks’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’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 value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 in the last three months. Insiders own 3.39% of the company’s stock.

Arista Networks Company 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.