Virtus Advisers LLC Purchases New Holdings in Arista Networks, Inc. $ANET

Virtus Advisers LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,169 shares of the technology company’s stock, valued at approximately $120,000.

Several other institutional investors have also recently made changes to their positions in ANET. Saudi Central Bank acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $33,000. REAP Financial Group LLC raised its position 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 stake in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after acquiring an additional 154 shares during the last quarter. eCIO Inc. bought a new position in shares of Arista Networks in the 1st quarter valued at about $36,000. Finally, Solstein Capital LLC grew its position 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 acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $128.61, for a total value of $3,858,300.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,668,843.36. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,009,464 shares of company stock valued at $293,774,712. 3.39% of the stock is owned by company insiders.

Arista Networks Trading Up 2.8%

Shares of NYSE ANET opened at $131.25 on Monday. The firm has a market cap of $165.28 billion, a P/E ratio of 51.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The business’s 50 day moving average is $142.06 and its 200-day moving average is $124.43. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm posted $2.40 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ANET. KeyCorp raised their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Rosenblatt Securities restated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a research note on Monday, November 24th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a research report on Thursday, September 25th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Finally, Wolfe Research increased their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.