Los Angeles Capital Management LLC Raises Stock Position in Arista Networks, Inc. $ANET

Los Angeles Capital Management LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 58.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,630,943 shares of the technology company’s stock after acquiring an additional 602,937 shares during the period. Los Angeles Capital Management LLC’s holdings in Arista Networks were worth $166,862,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. KeyCorp raised their price target 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. Barclays reissued an “overweight” rating and issued a $183.00 price objective (up from $179.00) on shares of Arista Networks in a research report on Wednesday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $140.00 target price on shares of Arista Networks in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction 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 completion of the sale, the director directly owned 33,784 shares in the company, valued at approximately $5,308,142.08. The trade was a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 12,976 shares in the company, valued at approximately $1,852,324. This represents a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,009,040 shares of company stock valued at $294,365,034. Insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 0.4%

Arista Networks stock opened at $134.62 on Friday. The firm has a market cap of $169.20 billion, a P/E ratio of 52.95, a P/E/G ratio of 3.37 and a beta of 1.48. The business has a fifty day moving average of $146.66 and a two-hundred day moving average of $119.41. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94.

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