Swedbank AB Purchases 330,598 Shares of Arista Networks, Inc. $ANET

Swedbank AB boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,081,391 shares of the technology company’s stock after buying an additional 330,598 shares during the quarter. Arista Networks accounts for approximately 0.7% of Swedbank AB’s holdings, making the stock its 24th biggest position. Swedbank AB owned approximately 0.56% of Arista Networks worth $548,666,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. raised its position in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after buying an additional 1,889,198 shares during the last quarter. Nuveen LLC purchased a new position in Arista Networks in the 1st quarter worth about $933,626,000. Northern Trust Corp raised its position in Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after buying an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after buying an additional 2,594,184 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly 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 legal filing with the SEC, which can be accessed through this link. Insiders sold 6,334,926 shares of company stock valued at $795,392,998 over the last three months. Insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup boosted their target price on Arista Networks from $123.00 to $136.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Wolfe Research assumed coverage on shares of Arista Networks in a research report on Tuesday, July 8th. They set an “outperform” rating for the company. UBS Group upped 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. Finally, Barclays reaffirmed an “overweight” rating and set a $151.00 price target (up previously from $119.00) on shares of Arista Networks in a research report on Thursday, August 7th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.79.

Arista Networks Stock Up 1.8%

Arista Networks stock opened at $153.43 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The company has a market capitalization of $192.84 billion, a price-to-earnings ratio of 60.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50. The stock has a 50-day moving average price of $126.11 and a 200 day moving average price of $99.86.

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