Panagora Asset Management Inc. Raises Stock Holdings in Arista Networks, Inc. $ANET

Panagora Asset Management Inc. grew its position in Arista Networks, Inc. (NYSE:ANET) by 282.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,549,486 shares of the technology company’s stock after acquiring an additional 1,144,786 shares during the quarter. Arista Networks comprises approximately 0.7% of Panagora Asset Management Inc.’s portfolio, making the stock its 26th biggest position. Panagora Asset Management Inc.’s holdings in Arista Networks were worth $158,528,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ANET. Wealthedge Investment Advisors LLC acquired a new stake in Arista Networks during the 2nd quarter worth $410,000. Smith Moore & CO. purchased a new stake in shares of Arista Networks in the second quarter valued at about $339,000. Bare Financial Services Inc grew its holdings in shares of Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after buying an additional 233 shares during the last quarter. Virtus Advisers LLC acquired a new position in Arista Networks in the 2nd quarter valued at about $120,000. Finally, BLI Banque de Luxembourg Investments increased its position in Arista Networks by 257.9% in the 2nd quarter. BLI Banque de Luxembourg Investments now owns 115,600 shares of the technology company’s stock valued at $11,487,000 after acquiring an additional 83,300 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

NYSE:ANET opened at $131.25 on Monday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94. The stock has a fifty day moving average price of $142.06 and a two-hundred day moving average price of $124.43. The stock has a market capitalization of $165.28 billion, a price-to-earnings ratio of 51.62, a PEG ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

ANET has been the topic of several analyst reports. Morgan Stanley set a $171.00 target price on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Evercore ISI increased their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Needham & Company LLC boosted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Melius Research upped their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arista Networks in a report on Monday, November 24th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.31.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,668,843.36. The trade was a 69.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total value of $2,994,431.10. Following the completion of the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,235,162.35. This represents a 70.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,009,464 shares of company stock worth $293,774,712 in the last ninety days. Corporate insiders own 3.39% of the company’s stock.

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.