Interchange Capital Partners LLC Purchases 558 Shares of Arista Networks, Inc. $ANET

Interchange Capital Partners LLC raised its position in Arista Networks, Inc. (NYSE:ANET) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,746 shares of the technology company’s stock after purchasing an additional 558 shares during the period. Interchange Capital Partners LLC’s holdings in Arista Networks were worth $1,202,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Arista Networks by 88.2% in the second quarter. Brighton Jones LLC now owns 36,909 shares of the technology company’s stock valued at $3,776,000 after purchasing an additional 17,299 shares in the last quarter. MQS Management LLC increased its stake in Arista Networks by 11.0% in the second quarter. MQS Management LLC now owns 2,990 shares of the technology company’s stock valued at $306,000 after purchasing an additional 296 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Arista Networks by 21.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 81,320 shares of the technology company’s stock valued at $8,320,000 after purchasing an additional 14,128 shares in the last quarter. Leavell Investment Management Inc. bought a new stake in Arista Networks in the second quarter valued at approximately $387,000. Finally, CVA Family Office LLC increased its stake in Arista Networks by 12.2% in the second quarter. CVA Family Office LLC now owns 2,856 shares of the technology company’s stock valued at $292,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,617,342 shares of company stock worth $888,707,954. 3.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ANET has been the subject of several recent analyst reports. Melius Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Piper Sandler boosted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Citigroup lifted their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Evercore ISI upped their price objective 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Price Performance

Shares of ANET opened at $154.32 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The firm has a market capitalization of $193.96 billion, a PE ratio of 60.70, a PEG ratio of 3.21 and a beta of 1.47. The company’s 50-day moving average is $143.22 and its 200-day moving average is $113.95.

Arista Networks (NYSE:ANET) last released its quarterly 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 net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the firm earned $0.53 earnings per share. Arista Networks’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. Analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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.