Aberdeen Group plc Raises Holdings in Arista Networks, Inc. $ANET

Aberdeen Group plc grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 990,892 shares of the technology company’s stock after purchasing an additional 44,117 shares during the quarter. Aberdeen Group plc’s holdings in Arista Networks were worth $101,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its holdings in Arista Networks by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after purchasing an additional 95 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in Arista Networks by 2.3% during the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after purchasing an additional 98 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after purchasing an additional 100 shares in the last quarter. XML Financial LLC lifted its holdings in Arista Networks by 0.6% during the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after purchasing an additional 100 shares in the last quarter. Finally, CX Institutional lifted its holdings in Arista Networks by 1.4% during the 2nd quarter. CX Institutional now owns 7,703 shares of the technology company’s stock worth $788,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Down 2.4%

Shares of NYSE ANET opened at $154.51 on Friday. The firm has a market capitalization of $194.19 billion, a P/E ratio of 60.77, a P/E/G ratio of 3.30 and a beta of 1.47. The stock’s 50-day simple moving average is $140.85 and its two-hundred day simple moving average is $108.70. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ANET. JPMorgan Chase & Co. increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. The Goldman Sachs Group increased their price objective on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the stock an “overweight” rating in a report on Friday. William Blair restated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research note on Thursday, September 25th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $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 can be accessed through this link. In the last 90 days, insiders sold 6,678,904 shares of company stock worth $894,021,161. 3.39% of the stock is currently owned by corporate insiders.

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.