1,169 Shares in Arista Networks, Inc. $ANET Acquired by Virtus Advisers LLC

Virtus Advisers LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,169 shares of the technology company’s stock, valued at approximately $120,000.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $933,626,000. Norges Bank acquired a new stake in shares of Arista Networks during the second quarter worth $1,228,177,000. AQR Capital Management LLC increased its holdings in Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after purchasing an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB increased its holdings in Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after purchasing an additional 4,656,021 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after buying 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

ANET has been the subject of several analyst reports. Erste Group Bank lowered Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Barclays reissued an “overweight” rating and set a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arista Networks in a research note on Monday, November 24th. Citigroup lifted their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, KeyCorp upped their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and an average price target of $164.31.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’s 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 owned 12,976 shares in the company, valued at $1,668,843.36. The trade was a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,009,464 shares of company stock valued at $293,774,712 over the last three months. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 2.8%

Arista Networks stock opened at $131.25 on Monday. The company has a 50 day moving average of $142.06 and a 200-day moving average of $124.43. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The stock has a market capitalization of $165.28 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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

About Arista Networks

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.