M&G PLC Has $2.30 Million Stock Position in Arista Networks, Inc. $ANET

M&G PLC cut its stake in Arista Networks, Inc. (NYSE:ANET) by 86.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,519 shares of the technology company’s stock after selling 138,256 shares during the period. M&G PLC’s holdings in Arista Networks were worth $2,297,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks in the first quarter worth $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after buying an additional 316,309 shares during the last quarter. Trilogy Capital Inc. grew its stake in Arista Networks by 13.7% in the first quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after purchasing an additional 3,079 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its stake in shares of Arista Networks by 99.3% in the second quarter. Soltis Investment Advisors LLC now owns 40,428 shares of the technology company’s stock valued at $4,136,000 after buying an additional 20,141 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,852,324. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the sale, the director directly owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This trade represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,009,040 shares of company stock worth $294,365,034 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Price Performance

Arista Networks stock opened at $130.13 on Friday. The firm has a market cap of $163.87 billion, a PE ratio of 51.18, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The stock’s fifty day moving average price is $146.39 and its two-hundred day moving average price is $121.11. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94.

Arista Networks (NYSE:ANET) last released its 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. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Wolfe Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Piper Sandler reissued a “neutral” rating and set a $145.00 price target (up from $143.00) on shares of Arista Networks in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a report on Wednesday, November 5th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.31.

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.