Belpointe Asset Management LLC Increases Stake in Arista Networks, Inc. $ANET

Belpointe Asset Management LLC increased its position in Arista Networks, Inc. (NYSE:ANET) by 315.4% in the 1st quarter, HoldingsChannel reports. The fund owned 22,237 shares of the technology company’s stock after purchasing an additional 16,884 shares during the period. Belpointe Asset Management LLC’s holdings in Arista Networks were worth $1,723,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Arista Networks by 1.8% in 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 last quarter. Alliancebernstein L.P. increased its holdings in Arista Networks by 9.0% in 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 last quarter. Nuveen LLC purchased a new stake in Arista Networks in the 1st quarter worth about $933,626,000. Nuveen Asset Management LLC grew its holdings in Arista Networks by 330.8% during the 4th quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company’s stock valued at $1,248,169,000 after buying an additional 8,671,235 shares in the last quarter. Finally, 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 valued at $799,244,000 after buying an additional 372,677 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Arista Networks from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. UBS Group lifted their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Piper Sandler lifted their target price on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wolfe Research assumed coverage on Arista Networks in a report on Tuesday, July 8th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group lifted their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $138.79.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 56,548 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $143.56, for a total value of $8,118,030.88. Following the completion of the sale, the chief executive officer owned 5,555,373 shares in the company, valued at $797,529,347.88. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $117.01, for a total value of $936,080.00. Following the completion of the sale, the director owned 57,784 shares of the company’s stock, valued at $6,761,305.84. The trade was a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,334,926 shares of company stock worth $795,392,998 in the last quarter. 3.39% of the stock is owned by insiders.

Arista Networks Trading Up 6.4%

Shares of ANET opened at $150.96 on Thursday. The company has a market cap of $189.74 billion, a PE ratio of 59.38, a price-to-earnings-growth ratio of 3.34 and a beta of 1.50. The stock has a 50-day moving average price of $125.09 and a 200-day moving average price of $99.44. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $151.71.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts predict 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.