Bayforest Capital Ltd Purchases 4,211 Shares of Arista Networks, Inc. $ANET

Bayforest Capital Ltd grew its position in Arista Networks, Inc. (NYSE:ANET) by 180.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,546 shares of the technology company’s stock after acquiring an additional 4,211 shares during the period. Bayforest Capital Ltd’s holdings in Arista Networks were worth $507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANET. Brighton Jones LLC grew its position in shares of Arista Networks by 321.7% in the 4th 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 bought a new stake in shares of Arista Networks during the fourth quarter worth $202,000. Bank Pictet & Cie Europe AG increased its holdings in Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company’s stock worth $1,200,000 after purchasing an additional 8,822 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at about $251,000. Finally, First Manhattan CO. LLC. bought a new stake in shares of Arista Networks in the fourth quarter valued at about $279,000. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of recent research reports. Barclays reissued an “overweight” rating and issued a $151.00 target price (up previously from $119.00) on shares of Arista Networks in a research report on Thursday, August 7th. The Goldman Sachs Group lifted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Redburn Atlantic began coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set a “buy” rating and a $112.00 price objective for the company. Piper Sandler lifted their target price on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Evercore ISI set a $150.00 price target on Arista Networks and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $138.79.

Arista Networks Stock Up 1.3%

Shares of NYSE ANET opened at $141.90 on Wednesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $145.46. The company has a market cap of $178.35 billion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 3.29 and a beta of 1.50. The business’s 50 day moving average price is $124.09 and its two-hundred day moving average price is $99.08.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the firm earned $0.53 EPS. The firm’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, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 6,278,378 shares of company stock valued at $787,274,967. 3.54% of the stock is currently owned by corporate insiders.

About Arista Networks

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.