OVERSEA CHINESE BANKING Corp Ltd Raises Holdings in Arista Networks, Inc. $ANET

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 37.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,646 shares of the technology company’s stock after purchasing an additional 22,982 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Arista Networks were worth $8,558,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock valued at $7,581,955,000 after acquiring an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares during the last quarter. Nuveen LLC bought a new position in shares of Arista Networks in the 1st quarter valued at about $933,626,000. Northern Trust Corp lifted its holdings in shares of Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after acquiring an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $740,126,000 after acquiring an additional 2,594,184 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ANET shares. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a research note on Thursday, September 25th. Finally, Piper Sandler raised their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.94.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $154.32 on Monday. The firm has a market cap of $193.96 billion, a PE ratio of 60.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. The firm’s 50 day simple moving average is $143.22 and its 200-day simple moving average is $114.22. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68.

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

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 58,000 shares of the firm’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 transaction of $8,608,360.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,090,040 shares of company stock worth $827,757,115. Corporate insiders own 3.54% of the company’s stock.

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.