Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Arista Networks, Inc. $ANET

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 64.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,489,267 shares of the technology company’s stock after buying an additional 583,715 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.12% of Arista Networks worth $152,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $933,626,000. AQR Capital Management LLC boosted its position 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 grew its stake in Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after purchasing an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. grew its stake in Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after purchasing an additional 2,594,184 shares during the period. Finally, Amundi raised its holdings in Arista Networks by 35.3% in the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after purchasing an additional 2,240,045 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ANET shares. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the company an “overweight” rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Melius Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.31.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the transaction, the director directly owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This trade represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,009,040 shares of company stock valued at $294,365,034 over the last ninety days. Insiders own 3.54% of the company’s stock.

Arista Networks Stock Down 1.7%

Shares of NYSE ANET opened at $134.88 on Wednesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The firm has a market cap of $169.85 billion, a P/E ratio of 53.05, a PEG ratio of 3.37 and a beta of 1.48. The company has a 50 day moving average of $146.66 and a 200 day moving average of $120.95.

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