Arista Networks, Inc. $ANET Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,460 shares of the technology company’s stock after purchasing an additional 8,259 shares during the period. Empowered Funds LLC’s holdings in Arista Networks were worth $10,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after purchasing an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Arista Networks during the first quarter worth about $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Trilogy Capital Inc. increased its position in shares of Arista Networks by 13.7% during the first quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after acquiring an additional 3,079 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Arista Networks by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock valued at $10,127,984,000 after buying an additional 1,136,167 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Down 3.0%

Shares of ANET stock opened at $123.50 on Wednesday. The business has a 50 day moving average of $145.54 and a two-hundred day moving average of $122.55. The company has a market cap of $155.53 billion, a P/E ratio of 48.58, a PEG ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $2.40 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. Analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $3,711,500.00. Following the completion of the sale, the insider owned 552,400 shares of the company’s stock, valued at approximately $78,855,100. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. This represents a 18.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,953,040 shares of company stock valued at $286,720,474 in the last three months. 3.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ANET has been the topic of several recent research reports. Erste Group Bank downgraded Arista Networks from a “buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group upped their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price of $164.31.

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.