TD Asset Management Inc Grows Stock Holdings in Arista Networks, Inc. $ANET

TD Asset Management Inc increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 21.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,694,058 shares of the technology company’s stock after acquiring an additional 468,814 shares during the period. TD Asset Management Inc’s holdings in Arista Networks were worth $275,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC grew its holdings in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the last quarter. HighMark Wealth Management LLC boosted its holdings in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Arista Networks in the 1st quarter valued at approximately $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the 1st quarter valued at approximately $33,000. Finally, Costello Asset Management INC boosted its holdings in Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $147.45 on Tuesday. The business’s 50 day simple moving average is $141.39 and its 200-day simple moving average is $109.58. The firm has a market capitalization of $185.32 billion, a price-to-earnings ratio of 57.99, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 6,678,904 shares of company stock worth $894,021,161. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Citigroup lifted their price objective on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Barclays lifted their price objective on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Needham & Company LLC lifted their price objective on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

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.