Arista Networks, Inc. $ANET Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 0.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,576,483 shares of the technology company’s stock after acquiring an additional 128,977 shares during the quarter. Geode Capital Management LLC’s holdings in Arista Networks were worth $2,606,694,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. REAP Financial Group LLC grew its holdings in Arista Networks by 108.0% during the 2nd 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. Solstein Capital LLC lifted its position in shares of Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares during the last quarter. Saudi Central Bank bought a new stake in Arista Networks in the first quarter valued at about $33,000. Costello Asset Management INC raised its stake in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. Finally, Hemington Wealth Management grew its position in shares of Arista Networks by 28.2% in the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after acquiring an additional 101 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ANET has been the topic of several research analyst reports. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective on the stock in a research note on Thursday, September 25th. Wolfe Research lifted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Piper Sandler reaffirmed a “neutral” rating and set a $145.00 price objective (up previously from $143.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $140.00 target price on shares of Arista Networks in a report on Wednesday, November 5th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Insider Buying and Selling at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the sale, the director directly owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This represents a 19.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 12,976 shares in the company, valued at $1,852,324. This represents a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,009,040 shares of company stock valued at $294,365,034. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

ANET opened at $134.88 on Wednesday. The business has a 50 day moving average price of $146.66 and a two-hundred day moving average price of $120.95. The company has a market capitalization of $169.85 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. 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 results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company earned $2.40 EPS. Arista Networks’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 EPS 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.