Teacher Retirement System of Texas Raises Position in Arista Networks, Inc. $ANET

Teacher Retirement System of Texas raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 670,370 shares of the technology company’s stock after purchasing an additional 10,638 shares during the period. Teacher Retirement System of Texas owned 0.05% of Arista Networks worth $68,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANET. Brighton Jones LLC raised its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Arista Networks during the fourth quarter valued at approximately $202,000. Bison Wealth LLC purchased a new stake in Arista Networks during the fourth quarter valued at approximately $251,000. Sequoia Financial Advisors LLC raised its position in Arista Networks by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 27,450 shares of the technology company’s stock valued at $2,127,000 after purchasing an additional 300 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new stake in Arista Networks during the first quarter valued at approximately $210,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,090,040 shares of company stock worth $827,757,115. 3.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Melius Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Stock Performance

ANET opened at $154.32 on Monday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The stock has a market cap of $193.96 billion, a price-to-earnings ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47. The stock’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 data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Arista Networks’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks Company 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.