Stock Yards Bank & Trust Co. Increases Stake in Arista Networks, Inc. $ANET

Stock Yards Bank & Trust Co. increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 9.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,993 shares of the technology company’s stock after purchasing an additional 1,251 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Arista Networks were worth $1,432,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ANET. Nuveen LLC purchased a new stake in Arista Networks during the 1st quarter worth approximately $933,626,000. AQR Capital Management LLC increased its stake in Arista Networks by 153.8% during the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after buying an additional 4,678,372 shares during the period. Goldman Sachs Group Inc. increased its stake in 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 buying an additional 2,594,184 shares during the period. Amundi increased its stake in 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 buying an additional 2,240,045 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Arista Networks by 9.0% during 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 period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ANET has been the subject of several analyst reports. Barclays boosted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Morgan Stanley boosted their price target on shares of Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Melius Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Finally, Wells Fargo & Company boosted 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. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Trading Up 0.7%

Shares of Arista Networks stock opened at $145.51 on Friday. The company has a fifty day simple moving average of $137.53 and a 200-day simple moving average of $106.51. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The stock has a market cap of $182.88 billion, a price-to-earnings ratio of 57.23, a PEG ratio of 3.03 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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the sale, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 6,678,904 shares of company stock valued at $894,021,161. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Company 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.