Jaffetilchin Investment Partners LLC Takes Position in Arista Networks, Inc. $ANET

Jaffetilchin Investment Partners LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,034 shares of the technology company’s stock, valued at approximately $310,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Arista Networks during the 1st quarter valued at $933,626,000. AQR Capital Management LLC lifted its holdings in shares of Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after purchasing an additional 4,678,372 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Arista Networks by 193.3% during the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after purchasing an additional 4,656,021 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after buying an additional 2,594,184 shares during the last quarter. Finally, Amundi increased its holdings in Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after buying an additional 2,240,045 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,668,843.36. The trade was a 69.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,985,422 shares of company stock valued at $290,780,281. 3.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ANET. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Barclays reiterated an “overweight” rating and issued a $183.00 price target (up from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. KeyCorp increased their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Piper Sandler restated a “neutral” rating and issued a $145.00 target price (up previously from $143.00) on shares of Arista Networks in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Arista Networks has an average rating of “Moderate Buy” and an average price target of $164.31.

Arista Networks Trading Up 2.4%

Shares of NYSE ANET opened at $125.08 on Wednesday. The firm has a 50 day moving average of $143.09 and a 200 day moving average of $123.73. The firm has a market capitalization of $157.51 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-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 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

About Arista Networks

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.