Handelsbanken Fonder AB Acquires 139,417 Shares of Arista Networks, Inc. $ANET

Handelsbanken Fonder AB raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 26.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,409 shares of the technology company’s stock after buying an additional 139,417 shares during the period. Handelsbanken Fonder AB’s holdings in Arista Networks were worth $68,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANET. Telos Capital Management Inc. raised its stake in shares of Arista Networks by 1.0% in the 2nd quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock valued at $947,000 after acquiring an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in Arista Networks by 1.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after purchasing an additional 95 shares during the period. Putney Financial Group LLC grew its holdings in Arista Networks by 0.7% during the second quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company’s stock valued at $1,447,000 after purchasing an additional 95 shares during the last quarter. 1900 Wealth Management LLC raised its position in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after purchasing an additional 98 shares during the period. Finally, Wesbanco Bank Inc. lifted its stake in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ANET. Wolfe Research raised their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research report on Thursday, September 25th. UBS Group lifted their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the sale, the director directly owned 33,784 shares in the company, valued at approximately $5,308,142.08. This trade represents a 19.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,009,040 shares of company stock valued at $293,922,634. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Down 4.1%

Arista Networks stock opened at $119.69 on Friday. The stock has a market cap of $150.73 billion, a price-to-earnings ratio of 47.08, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The business has a 50 day moving average price of $144.34 and a two-hundred day moving average price of $122.54.

Arista Networks (NYSE:ANET) last issued its earnings results 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 company had revenue of $2.31 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share 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.