Sava Infond d.o.o. Has $31.38 Million Stock Position in Arista Networks, Inc. $ANET

Sava Infond d.o.o. increased its position in Arista Networks, Inc. (NYSE:ANET) by 17.8% in the second quarter, Holdings Channel.com reports. The fund owned 306,705 shares of the technology company’s stock after acquiring an additional 46,435 shares during the quarter. Arista Networks makes up about 4.9% of Sava Infond d.o.o.’s holdings, making the stock its 4th biggest holding. Sava Infond d.o.o.’s holdings in Arista Networks were worth $31,379,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ANET. HighMark Wealth Management LLC lifted its position in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the first quarter worth approximately $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks in the first quarter worth $33,000. Tradewinds Capital Management LLC increased its stake 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 buying an additional 143 shares during the period. Finally, Costello Asset Management INC increased its stake in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Up 0.7%

Arista Networks stock opened at $145.51 on Friday. 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 $182.88 billion, a price-to-earnings ratio of 57.23, a P/E/G ratio of 3.01 and a beta of 1.47. The firm has a 50 day moving average of $137.53 and a 200 day moving average of $106.35.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’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. On average, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ANET. Wells Fargo & Company boosted their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a report on Saturday, September 27th. Morgan Stanley upped their price target on shares of Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, Evercore ISI boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’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 in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 6,678,904 shares of company stock valued at $894,021,161. Corporate insiders own 3.39% of the company’s stock.

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.