Andra AP fonden Buys 21,500 Shares of Arista Networks, Inc. $ANET

Andra AP fonden lifted its position in Arista Networks, Inc. (NYSE:ANET) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,751 shares of the technology company’s stock after buying an additional 21,500 shares during the quarter. Andra AP fonden’s holdings in Arista Networks were worth $33,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANET. Saudi Central Bank acquired a new stake in shares of Arista Networks during the 1st quarter worth about $33,000. REAP Financial Group LLC increased its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares during the period. Costello Asset Management INC raised its stake 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 in the last quarter. eCIO Inc. acquired a new position in shares of Arista Networks in the 1st quarter valued at approximately $36,000. Finally, Solstein Capital LLC lifted its stake in Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Finally, Wolfe Research raised their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Nineteen investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $140.47 on Thursday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The stock has a market capitalization of $176.55 billion, a price-to-earnings ratio of 55.25, a P/E/G ratio of 3.37 and a beta of 1.48. The company’s 50 day moving average price is $146.74 and its 200-day moving average price is $118.84.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $2.40 EPS. The business’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction dated 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 represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,202,019 shares of company stock valued at $321,318,411 in the last three months. Company insiders own 3.39% of the company’s stock.

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.