Ascent Group LLC Grows Holdings in Arista Networks, Inc. $ANET

Ascent Group LLC increased its position in Arista Networks, Inc. (NYSE:ANET) by 10.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 143,850 shares of the technology company’s stock after buying an additional 13,856 shares during the quarter. Ascent Group LLC’s holdings in Arista Networks were worth $14,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Vanguard Group Inc. boosted its stake in Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after purchasing an additional 1,771,982 shares during the period. Alliancebernstein L.P. boosted its stake in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares during the period. Nuveen LLC bought a new position in Arista Networks in the 1st quarter worth approximately $933,626,000. Northern Trust Corp boosted its stake in Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after purchasing an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Arista Networks by 37.3% in the 1st 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. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

NYSE:ANET opened at $145.51 on Friday. The stock’s fifty day moving average is $137.53 and its 200 day moving average is $106.35. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The firm has a market capitalization of $182.88 billion, a PE ratio of 57.23, a PEG ratio of 3.01 and a beta of 1.47.

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

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,678,904 shares of company stock worth $894,021,161. Company insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ANET. Wells Fargo & Company upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a research note on Saturday, September 27th. JPMorgan Chase & Co. increased their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. UBS Group increased their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Piper Sandler increased their target price on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.