MQS Management LLC Buys 296 Shares of Arista Networks, Inc. $ANET

MQS Management LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 11.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,990 shares of the technology company’s stock after purchasing an additional 296 shares during the period. MQS Management LLC’s holdings in Arista Networks were worth $306,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC grew its position in Arista Networks by 21.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 81,320 shares of the technology company’s stock valued at $8,320,000 after buying an additional 14,128 shares during the period. Leavell Investment Management Inc. bought a new position in Arista Networks during the second quarter valued at about $387,000. CVA Family Office LLC lifted its holdings in Arista Networks by 12.2% during the second quarter. CVA Family Office LLC now owns 2,856 shares of the technology company’s stock valued at $292,000 after purchasing an additional 310 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in Arista Networks by 24.3% during the second quarter. Focus Partners Advisor Solutions LLC now owns 23,734 shares of the technology company’s stock valued at $2,428,000 after purchasing an additional 4,639 shares during the last quarter. Finally, Northstar Asset Management Inc. lifted its holdings in Arista Networks by 48.7% during the second quarter. Northstar Asset Management Inc. now owns 22,840 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 7,483 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 1.0%

Shares of Arista Networks stock opened at $154.32 on Monday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The company has a market cap of $193.96 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 3.21 and a beta of 1.47. The company’s 50-day moving average price is $143.22 and its 200-day moving average price is $114.22.

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

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,090,040 shares of company stock worth $827,757,115. 3.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on ANET shares. Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the company an “overweight” rating in a report on Friday, October 10th. KeyCorp upped their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Piper Sandler upped their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, William Blair reissued an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and a consensus price target of $163.94.

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.