Police & Firemen s Retirement System of New Jersey Purchases 6,604 Shares of Arista Networks, Inc. $ANET

Police & Firemen s Retirement System of New Jersey grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,514 shares of the technology company’s stock after acquiring an additional 6,604 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Arista Networks were worth $16,013,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ANET. REAP Financial Group LLC boosted its position in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the period. Solstein Capital LLC lifted its position in Arista Networks by 493.8% during the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after buying an additional 316 shares in the last quarter. Saudi Central Bank bought a new position in shares of Arista Networks in the 1st quarter valued at about $33,000. Costello Asset Management INC grew its stake in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares in the last quarter. Finally, Hemington Wealth Management increased its position in shares of Arista Networks by 28.2% during the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after purchasing an additional 101 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group increased their price objective on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. 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. Finally, Evercore ISI increased their price target on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Price Performance

ANET opened at $134.91 on Thursday. The company has a market capitalization of $169.88 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The business has a fifty day simple moving average of $146.61 and a 200 day simple moving average of $121.05. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year 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, beating the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $2.40 earnings per share. Arista Networks’s revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,009,040 shares of company stock worth $294,365,034 in the last quarter. Corporate insiders own 3.54% of the company’s stock.

About Arista Networks

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.