Olympiad Research LP Has $387,000 Position in Arista Networks, Inc. $ANET

Olympiad Research LP trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 27.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,784 shares of the technology company’s stock after selling 1,431 shares during the quarter. Arista Networks accounts for 0.6% of Olympiad Research LP’s holdings, making the stock its 29th largest holding. Olympiad Research LP’s holdings in Arista Networks were worth $387,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ANET. Saudi Central Bank bought a new stake in shares of Arista Networks during the 1st quarter worth $33,000. REAP Financial Group LLC raised its stake in Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares in the last quarter. Costello Asset Management INC lifted its holdings 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 acquiring an additional 154 shares during the last quarter. eCIO Inc. acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $36,000. Finally, Solstein Capital LLC boosted its stake in shares of Arista Networks by 493.8% in the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,009,040 shares of company stock worth $294,365,034 in the last quarter. 3.54% of the stock is owned by corporate insiders.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $130.13 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94. The business’s 50-day moving average is $146.39 and its 200-day moving average is $121.11. The company has a market capitalization of $163.87 billion, a price-to-earnings ratio of 51.18, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the firm posted $2.40 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating and set a $145.00 price objective (up from $143.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Needham & Company LLC upped their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Melius Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, UBS Group increased their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.31.

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.