Arista Networks, Inc. $ANET Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 88.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,816 shares of the technology company’s stock after acquiring an additional 151,647 shares during the quarter. Calamos Advisors LLC’s holdings in Arista Networks were worth $33,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in shares of Arista Networks in the first quarter valued at approximately $33,000. REAP Financial Group LLC increased its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the period. Costello Asset Management INC lifted its holdings in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares in the last quarter. eCIO Inc. purchased a new position in Arista Networks in the 1st quarter valued at approximately $36,000. Finally, Solstein Capital LLC grew its stake in shares of Arista Networks by 493.8% in the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after acquiring an additional 316 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the transaction, the director owned 33,784 shares in the company, valued at $5,308,142.08. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,009,040 shares of company stock valued at $294,365,034. Insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANET. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Piper Sandler restated a “neutral” rating and set a $145.00 price target (up previously from $143.00) on shares of Arista Networks in a report on Wednesday, November 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a research note on Wednesday, November 5th. Melius Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, UBS Group raised their target price 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. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Price Performance

NYSE ANET opened at $134.91 on Thursday. The firm’s fifty day moving average price is $146.61 and its 200 day moving average price is $121.05. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The company has a market capitalization of $169.88 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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