Giverny Capital Inc. Has $49.37 Million Stake in Arista Networks, Inc. $ANET

Giverny Capital Inc. cut its position in shares of Arista Networks, Inc. (NYSE:ANET) by 48.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 482,561 shares of the technology company’s stock after selling 450,495 shares during the quarter. Arista Networks comprises about 1.7% of Giverny Capital Inc.’s holdings, making the stock its 22nd largest position. Giverny Capital Inc.’s holdings in Arista Networks were worth $49,371,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Saudi Central Bank acquired a new stake in Arista Networks during the 1st quarter worth about $33,000. REAP Financial Group LLC boosted its position in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Costello Asset Management INC grew its stake in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after purchasing an additional 154 shares during the period. eCIO Inc. acquired a new stake in Arista Networks during the first quarter worth approximately $36,000. Finally, Solstein Capital LLC increased its holdings in Arista Networks by 493.8% in 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 in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of research analyst reports. Evercore ISI increased their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. The Goldman Sachs Group upped their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, William Blair restated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Trading Up 2.8%

Arista Networks stock opened at $131.25 on Friday. The firm has a market capitalization of $165.28 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The firm’s fifty day moving average price is $142.06 and its two-hundred day moving average price is $124.06. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94.

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

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the completion of the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,235,162.35. This represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $157.12, for a total value of $1,256,960.00. Following the transaction, the director owned 33,784 shares in the company, valued at approximately $5,308,142.08. This trade represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,009,464 shares of company stock valued at $293,774,712. 3.39% of the stock is owned by company insiders.

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.