VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Arista Networks, Inc. $ANET

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 591,172 shares of the technology company’s stock, valued at approximately $60,483,000.

A number of other large investors also recently modified their holdings of ANET. Brighton Jones LLC grew its position in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $251,000. Cornerstone Wealth Management LLC raised its position in shares of Arista Networks by 62.4% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,710 shares of the technology company’s stock worth $287,000 after purchasing an additional 1,426 shares during the period. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Arista Networks by 56.9% in the 1st quarter. CWA Asset Management Group LLC now owns 5,164 shares of the technology company’s stock worth $400,000 after purchasing an additional 1,872 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 6,622,904 shares of company stock valued at $887,794,521. 3.39% of the stock is owned by corporate insiders.

Arista Networks Stock Down 2.0%

Shares of NYSE:ANET opened at $143.10 on Friday. The company’s fifty day moving average is $142.11 and its two-hundred day moving average is $111.15. The company has a market cap of $179.86 billion, a P/E ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’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 company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group increased their target price 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 report on Friday, September 12th. KeyCorp boosted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

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.