Morningstar Investment Management LLC Makes New Investment in Arista Networks, Inc. $ANET

Morningstar Investment Management LLC bought a new position in Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,630 shares of the technology company’s stock, valued at approximately $269,000.

A number of other institutional investors also recently modified their holdings of ANET. Sowell Financial Services LLC acquired a new stake in shares of Arista Networks during the 1st quarter worth approximately $629,000. Commonwealth Equity Services LLC grew its position in shares of Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after buying an additional 101,162 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks during the 1st quarter worth approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after buying an additional 316,309 shares during the period. Finally, Dunhill Financial LLC grew its position in shares of Arista Networks by 2,317.5% during the 1st quarter. Dunhill Financial LLC now owns 6,358 shares of the technology company’s stock worth $493,000 after buying an additional 6,095 shares during the period. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 6,678,904 shares of company stock valued at $894,021,161 over the last 90 days. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ANET shares. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research 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 report on Friday. JPMorgan Chase & Co. boosted their price objective 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, KeyCorp boosted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.94.

Arista Networks Stock Performance

Shares of ANET opened at $138.76 on Wednesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The firm’s 50 day moving average price is $141.81 and its two-hundred day moving average price is $109.79. The firm has a market cap of $174.40 billion, a P/E ratio of 54.58, a PEG ratio of 3.07 and a beta of 1.47.

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