Jupiter Asset Management Ltd. Has $74.28 Million Holdings in Arista Networks, Inc. $ANET

Jupiter Asset Management Ltd. lifted its position in Arista Networks, Inc. (NYSE:ANET) by 29.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 726,039 shares of the technology company’s stock after acquiring an additional 164,738 shares during the period. Jupiter Asset Management Ltd. owned about 0.06% of Arista Networks worth $74,281,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of Arista Networks in the first quarter worth $33,000. REAP Financial Group LLC lifted its stake in Arista Networks by 108.0% in 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 in the last quarter. Costello Asset Management INC boosted 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 period. eCIO Inc. purchased a new position in Arista Networks during the 1st quarter valued at about $36,000. Finally, Solstein Capital LLC grew its stake in Arista Networks by 493.8% during the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after acquiring an additional 316 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Shares of ANET stock opened at $134.88 on Wednesday. The company has a market capitalization of $169.85 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 3.37 and a beta of 1.48. The stock’s 50 day simple moving average is $146.66 and its 200 day simple moving average is $120.95. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wolfe Research increased 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. Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. 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. Finally, KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.31.

Insider Transactions at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,009,040 shares of company stock worth $294,365,034. Company insiders own 3.54% 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.