Logan Capital Management Inc. Boosts Stake in Arista Networks, Inc. $ANET

Logan Capital Management Inc. raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 1.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 162,951 shares of the technology company’s stock after buying an additional 1,799 shares during the period. Arista Networks accounts for about 0.8% of Logan Capital Management Inc.’s portfolio, making the stock its 27th largest position. Logan Capital Management Inc.’s holdings in Arista Networks were worth $16,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ANET. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Arista Networks by 18.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 299,084 shares of the technology company’s stock worth $30,599,000 after acquiring an additional 46,500 shares during the last quarter. Rossby Financial LCC increased its position in Arista Networks by 9.0% during the 2nd quarter. Rossby Financial LCC now owns 2,593 shares of the technology company’s stock worth $265,000 after purchasing an additional 214 shares in the last quarter. Teacher Retirement System of Texas increased its position in Arista Networks by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 670,370 shares of the technology company’s stock worth $68,586,000 after purchasing an additional 10,638 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in Arista Networks by 226.6% in the 2nd quarter. Transcend Capital Advisors LLC now owns 8,870 shares of the technology company’s stock valued at $907,000 after purchasing an additional 6,154 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY purchased a new position in Arista Networks in the 2nd quarter valued at about $233,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold 5,502,040 shares of company stock valued at $757,696,915 in the last three months. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 2.0%

ANET stock opened at $156.91 on Tuesday. The company has a market cap of $197.22 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.21 and a beta of 1.47. The business has a fifty day simple moving average of $143.60 and a 200-day simple moving average of $114.78. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68.

Arista Networks (NYSE:ANET) last issued its 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. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ANET shares. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Needham & Company LLC lifted their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Evercore ISI boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Piper Sandler raised their price objective on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Barclays lifted their price objective on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” 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. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price 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.