Resona Asset Management Co. Ltd. Grows Stock Holdings in Arista Networks, Inc. $ANET

Resona Asset Management Co. Ltd. increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,426 shares of the technology company’s stock after buying an additional 16,563 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Arista Networks were worth $36,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Telos Capital Management Inc. grew its holdings in shares of Arista Networks by 1.0% during the second quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock worth $947,000 after buying an additional 88 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Arista Networks by 1.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after buying an additional 95 shares during the last quarter. Putney Financial Group LLC grew its holdings in shares of Arista Networks by 0.7% during the second quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company’s stock worth $1,447,000 after buying an additional 95 shares during the last quarter. 1900 Wealth Management LLC lifted its position in Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after purchasing an additional 98 shares during the period. Finally, Wesbanco Bank Inc. lifted its position in Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 8.5%

Shares of Arista Networks stock opened at $140.47 on Thursday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The stock has a market cap of $176.55 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The company has a 50-day moving average of $146.74 and a two-hundred day moving average of $118.84.

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

Insider Transactions at Arista Networks

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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the transaction, the senior vice president directly owned 12,976 shares of the company’s stock, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,202,019 shares of company stock valued at $321,318,411 in the last ninety days. Corporate insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. raised their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Wolfe Research raised their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.31.

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.