New York Life Investment Management LLC Purchases 2,012 Shares of Arista Networks, Inc. $ANET

New York Life Investment Management LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,379 shares of the technology company’s stock after buying an additional 2,012 shares during the quarter. New York Life Investment Management LLC’s holdings in Arista Networks were worth $14,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ANET. Nuveen LLC bought a new stake in Arista Networks during the first quarter worth $933,626,000. AQR Capital Management LLC lifted its holdings in Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after acquiring an additional 4,678,372 shares during the period. Nordea Investment Management AB raised its stake in shares of Arista Networks by 193.3% during the 2nd quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after purchasing an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after purchasing an additional 2,594,184 shares during the period. Finally, Amundi raised its stake in shares of Arista Networks by 35.3% during the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after purchasing an additional 2,240,045 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock opened at $156.93 on Wednesday. The company’s fifty day simple moving average is $144.09 and its two-hundred day simple moving average is $115.37. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The stock has a market capitalization of $197.24 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.26 and a beta of 1.47.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) 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 business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ANET shares. Morgan Stanley set a $171.00 target price on Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Needham & Company LLC lifted 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. Rosenblatt Securities lifted their price objective 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. Wells Fargo & Company lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.94.

Insider Activity at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 5,213,220 shares of company stock worth $722,406,000. 3.54% of the stock is owned by company insiders.

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.