Rossby Financial LCC Has $265,000 Position in Arista Networks, Inc. $ANET

Rossby Financial LCC lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,593 shares of the technology company’s stock after purchasing an additional 214 shares during the period. Rossby Financial LCC’s holdings in Arista Networks were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Arista Networks by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after acquiring an additional 1,771,982 shares during the period. Alliancebernstein L.P. grew its holdings 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 acquiring an additional 1,889,198 shares during the period. Nuveen LLC acquired a new stake in Arista Networks during the 1st quarter worth $933,626,000. Northern Trust Corp grew its holdings in Arista Networks by 3.7% during the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after acquiring an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 2,594,184 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Citigroup lifted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Barclays boosted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Melius Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $163.94.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 5,213,220 shares of company stock valued at $722,406,000. 3.54% of the stock is owned by corporate insiders.

Arista Networks Stock Up 0.1%

Shares of ANET stock opened at $156.93 on Wednesday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The firm has a market capitalization of $197.24 billion, a price-to-earnings ratio of 61.72, a price-to-earnings-growth ratio of 3.26 and a beta of 1.47. The firm has a fifty day moving average of $144.09 and a 200-day moving average of $115.37.

Arista Networks (NYSE:ANET) last announced its quarterly 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. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current 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.