RFG Advisory LLC Raises Position in Arista Networks, Inc. $ANET

RFG Advisory LLC increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,105 shares of the technology company’s stock after purchasing an additional 979 shares during the quarter. RFG Advisory LLC’s holdings in Arista Networks were worth $3,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Arista Networks by 1.8% in the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock valued at $7,581,955,000 after acquiring an additional 1,771,982 shares during the period. Alliancebernstein L.P. raised its stake in shares of Arista Networks by 9.0% during 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 during the last quarter. Nuveen LLC bought a new position in shares of Arista Networks during the first quarter valued at about $933,626,000. Northern Trust Corp raised its stake in shares of Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after acquiring an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after acquiring an additional 2,594,184 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

ANET has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price target 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 price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and an average target price of $163.94.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.80, for a total transaction of $3,686,800.00. Following the sale, the insider directly owned 562,400 shares in the company, valued at $79,748,320. The trade was a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,678,904 shares of company stock valued at $894,021,161 over the last quarter. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Price Performance

NYSE:ANET opened at $138.76 on Wednesday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The company’s 50-day simple moving average is $141.81 and its 200 day simple moving average is $109.79. The firm has a market capitalization of $174.40 billion, a P/E ratio of 54.58, a PEG ratio of 3.07 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS 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 for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Arista Networks’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal 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.