Edmond DE Rothschild Holding S.A. acquired a new stake in Arista Networks, Inc. (NYSE:ANET – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,148 shares of the technology company’s stock, valued at approximately $89,000.
A number of other institutional investors have also bought and sold shares of the business. HighMark Wealth Management LLC increased its stake in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks in the 1st quarter valued at approximately $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks in the 1st quarter worth approximately $33,000. McIlrath & Eck LLC purchased a new position in shares of Arista Networks during the 4th quarter worth approximately $35,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after buying an additional 143 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ANET has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $135.00 price objective (up previously from $125.00) on shares of Arista Networks in a research note on Wednesday. Needham & Company LLC lifted their price target on shares of Arista Networks from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. UBS Group increased their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. BNP Paribas Exane downgraded shares of Arista Networks from an “outperform” rating to a “neutral” rating and set a $106.00 target price for the company. in a research note on Wednesday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on Arista Networks from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.79.
Arista Networks Stock Performance
Shares of ANET opened at $142.83 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $145.46. The firm has a 50-day simple moving average of $122.49 and a 200-day simple moving average of $98.53. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 3.36 and a beta of 1.50.
Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the business earned $0.53 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.
Insiders Place Their Bets
In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 5,839,614 shares of company stock valued at $724,163,153. Company 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.
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