Roberts Glore & Co. Inc. IL Has $3.07 Million Stock Position in Arista Networks, Inc. $ANET

Roberts Glore & Co. Inc. IL reduced its position in shares of Arista Networks, Inc. (NYSE:ANET) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,032 shares of the technology company’s stock after selling 1,000 shares during the period. Arista Networks comprises about 0.9% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 24th biggest position. Roberts Glore & Co. Inc. IL’s holdings in Arista Networks were worth $3,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in shares of Arista Networks in the first quarter valued at approximately $33,000. REAP Financial Group LLC grew its position 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 last quarter. Costello Asset Management INC grew its position in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after acquiring an additional 154 shares during the last quarter. eCIO Inc. acquired a new stake in Arista Networks during the 1st quarter valued at $36,000. Finally, Solstein Capital LLC raised its position in Arista Networks by 493.8% in the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after purchasing an additional 316 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $134.62 on Friday. The firm has a fifty day moving average of $146.66 and a two-hundred day moving average of $119.77. The stock has a market capitalization of $169.52 billion, a price-to-earnings ratio of 52.95, a PEG ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company earned $2.40 EPS. The firm’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, research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANET shares. Barclays reissued an “overweight” rating and issued a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday. Wolfe Research upped their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. KeyCorp increased their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Citigroup boosted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the 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 directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,009,040 shares of company stock worth $294,365,034. 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.