J. Safra Sarasin Holding AG Has $30.04 Million Stock Position in Arista Networks, Inc. $ANET

J. Safra Sarasin Holding AG trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,655 shares of the technology company’s stock after selling 7,177 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Arista Networks were worth $30,044,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighMark Wealth Management LLC increased its position in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank bought a new position in Arista Networks in the first quarter valued at about $33,000. Costello Asset Management INC raised its stake in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after acquiring an additional 154 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after acquiring an additional 143 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Trading Up 2.5%

Shares of ANET stock opened at $149.32 on Thursday. The firm has a fifty day simple moving average of $136.30 and a two-hundred day simple moving average of $105.52. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The firm has a market capitalization of $187.67 billion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 3.04 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ANET shares. JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. UBS Group lifted their target price on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Rosenblatt Securities increased their price target on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group boosted their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks stock in a transaction on Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,670,904 shares of company stock worth $892,841,241. 3.39% of the stock is 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.