Empowered Funds LLC Acquires 10,302 Shares of Arista Networks, Inc. $ANET

Empowered Funds LLC raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 11.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 97,201 shares of the technology company’s stock after purchasing an additional 10,302 shares during the quarter. Empowered Funds LLC’s holdings in Arista Networks were worth $7,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ANET. DSG Capital Advisors LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $5,984,000. Ibex Wealth Advisors grew its holdings in shares of Arista Networks by 14.4% in the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock valued at $4,501,000 after buying an additional 7,329 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $629,000. Commonwealth Equity Services LLC grew its holdings in shares of Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after buying an additional 101,162 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Arista Networks in the 1st quarter valued at $15,227,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $150.96 on Thursday. The company’s 50-day moving average price is $125.09 and its two-hundred day moving average price is $99.44. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $151.71. The stock has a market capitalization 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.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANET has been the subject of several research analyst reports. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Redburn Atlantic started coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a “buy” rating and a $112.00 target price for the company. KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Wedbush started coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.79.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director directly owned 57,784 shares of the company’s stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,334,926 shares of company stock valued at $795,392,998 in the last three months. 3.39% of the stock is currently owned by corporate insiders.

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.