Segall Bryant & Hamill LLC Boosts Stock Holdings in Arista Networks, Inc. $ANET

Segall Bryant & Hamill LLC raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 197.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,742 shares of the technology company’s stock after purchasing an additional 182,943 shares during the period. Segall Bryant & Hamill LLC’s holdings in Arista Networks were worth $28,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC bought a new position in Arista Networks during the fourth quarter worth about $251,000. PFG Advisors increased its stake in shares of Arista Networks by 2.7% in the first quarter. PFG Advisors now owns 5,061 shares of the technology company’s stock worth $392,000 after purchasing an additional 131 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Arista Networks by 33.4% in the first quarter. Wedbush Securities Inc. now owns 9,364 shares of the technology company’s stock valued at $726,000 after purchasing an additional 2,347 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on ANET shares. Needham & Company LLC raised their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a report on Thursday, September 25th. Evercore ISI lifted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Finally, William Blair reiterated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Stock Performance

Arista Networks stock opened at $117.40 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The firm’s fifty day moving average price is $143.90 and its 200-day moving average price is $122.73. The stock has a market cap of $147.84 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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

Insider Activity

In related news, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,009,040 shares of company stock worth $293,922,634. 3.39% of the stock is currently owned by insiders.

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.