Rockefeller Capital Management L.P. Boosts Stock Position in Arista Networks, Inc. $ANET

Rockefeller Capital Management L.P. raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 704,898 shares of the technology company’s stock after buying an additional 8,455 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.06% of Arista Networks worth $72,865,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in Arista Networks in the 1st quarter worth about $933,626,000. AQR Capital Management LLC raised its holdings in Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after buying an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of 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 buying an additional 4,656,021 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 buying an additional 2,594,184 shares in the last quarter. Finally, Amundi grew its holdings in shares of Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after buying an additional 2,240,045 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ANET has been the topic of several research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $140.00 target price on shares of Arista Networks in a research report on Wednesday, November 5th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Trading Up 0.6%

NYSE:ANET opened at $131.13 on Friday. The stock has a 50 day moving average of $146.16 and a two-hundred day moving average of $121.77. The firm has a market cap of $165.13 billion, a P/E ratio of 51.57, a price-to-earnings-growth 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.

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

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,009,040 shares of company stock valued at $294,365,034 over the last quarter. 3.39% of the stock is currently owned by 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.