Ensign Peak Advisors Inc Has $91.66 Million Stock Position in Arista Networks, Inc. $ANET

Ensign Peak Advisors Inc raised its position in Arista Networks, Inc. (NYSE:ANET) by 29.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 895,858 shares of the technology company’s stock after purchasing an additional 201,494 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Arista Networks were worth $91,655,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its position in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Arista Networks in the fourth quarter worth $202,000. Bison Wealth LLC bought a new stake in shares of Arista Networks during the fourth quarter worth $251,000. Ignite Planners LLC increased its stake in shares of Arista Networks by 12.6% in the first quarter. Ignite Planners LLC now owns 2,441 shares of the technology company’s stock valued at $189,000 after buying an additional 273 shares in the last quarter. Finally, PFG Advisors raised its holdings in shares of Arista Networks by 2.7% in the first quarter. PFG Advisors now owns 5,061 shares of the technology company’s stock valued at $392,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the transaction, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $128.61, for a total value of $3,858,300.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,668,843.36. This represents a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,009,040 shares of company stock worth $293,922,634 over the last three months. Corporate insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ANET shares. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Needham & Company LLC boosted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Barclays reaffirmed an “overweight” rating and set a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lifted 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. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Stock Performance

Shares of ANET opened at $119.69 on Friday. The stock has a 50 day simple moving average of $144.34 and a 200 day simple moving average of $122.54. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The firm has a market capitalization of $150.73 billion, a PE ratio of 47.08, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the company posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. Equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.