EFG Asset Management North America Corp. Has $6.54 Million Position in Arista Networks, Inc. $ANET

EFG Asset Management North America Corp. increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 32.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 63,866 shares of the technology company’s stock after acquiring an additional 15,750 shares during the period. Arista Networks accounts for about 0.9% of EFG Asset Management North America Corp.’s portfolio, making the stock its 17th largest position. EFG Asset Management North America Corp.’s holdings in Arista Networks were worth $6,536,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Telos Capital Management Inc. boosted its position in shares of Arista Networks by 1.0% during the 2nd quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock valued at $947,000 after acquiring an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock valued at $618,000 after buying an additional 95 shares in the last quarter. Putney Financial Group LLC boosted its position in Arista Networks by 0.7% in the second quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company’s stock valued at $1,447,000 after buying an additional 95 shares in the last quarter. 1900 Wealth Management LLC boosted 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 buying an additional 98 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted 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 buying an additional 100 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of NYSE ANET opened at $153.41 on Wednesday. The company’s 50 day simple moving average is $146.59 and its 200 day simple moving average is $118.69. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The firm has a market capitalization of $192.81 billion, a P/E ratio of 60.34, a P/E/G ratio of 3.37 and a beta of 1.47.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating 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 firm 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 firm earned $2.40 earnings per share. The business’s quarterly revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,539,875 shares of company stock valued at $368,457,081. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ANET. UBS Group boosted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. The Goldman Sachs Group boosted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Melius Research boosted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Evercore ISI boosted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.94.

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.