Connor Clark & Lunn Investment Management Ltd. Purchases 35,023 Shares of Arista Networks, Inc. $ANET

Connor Clark & Lunn Investment Management Ltd. increased its position in Arista Networks, Inc. (NYSE:ANET) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 787,254 shares of the technology company’s stock after buying an additional 35,023 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Arista Networks worth $80,544,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ANET. Telos Capital Management Inc. lifted its position in shares of Arista Networks by 1.0% in the second quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock valued at $947,000 after acquiring an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Arista Networks by 1.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after purchasing an additional 95 shares in the last quarter. Putney Financial Group LLC raised its stake in Arista Networks by 0.7% during the 2nd quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company’s stock valued at $1,447,000 after purchasing an additional 95 shares during the period. 1900 Wealth Management LLC lifted its holdings in Arista Networks by 2.3% in the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after purchasing an additional 98 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 0.4%

Shares of NYSE:ANET opened at $134.62 on Friday. The company has a market cap of $169.20 billion, a price-to-earnings ratio of 52.95, a PEG 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. The company has a 50-day moving average price of $146.66 and a 200 day moving average price of $119.77.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 31.05% and a net margin of 40.90%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Evercore ISI raised their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Citigroup lifted their target price on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Wolfe Research increased their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Insider Activity at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the 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 sale, the director owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,009,040 shares of company stock worth $294,365,034. 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.