Sava Infond d.o.o. Purchases 46,435 Shares of Arista Networks, Inc. $ANET

Sava Infond d.o.o. lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 306,705 shares of the technology company’s stock after purchasing an additional 46,435 shares during the period. Arista Networks accounts for 4.9% of Sava Infond d.o.o.’s portfolio, making the stock its 4th largest holding. Sava Infond d.o.o.’s holdings in Arista Networks were worth $31,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LGT Fund Management Co Ltd. bought a new stake in shares of Arista Networks during the 2nd quarter worth about $2,485,000. Quent Capital LLC boosted its holdings in Arista Networks by 15.2% in the 2nd quarter. Quent Capital LLC now owns 2,578 shares of the technology company’s stock valued at $264,000 after purchasing an additional 341 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Arista Networks in the 2nd quarter valued at approximately $134,000. AIFG Consultants Ltd. acquired a new position in shares of Arista Networks in the 2nd quarter valued at approximately $335,000. Finally, QRG Capital Management Inc. raised its position in shares of Arista Networks by 12.6% in the 2nd quarter. QRG Capital Management Inc. now owns 327,298 shares of the technology company’s stock valued at $33,486,000 after buying an additional 36,607 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock opened at $145.51 on Friday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The firm has a 50-day moving average of $137.53 and a 200-day moving average of $106.35. The company has a market cap of $182.88 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.01 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities upped their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Wells Fargo & Company upped their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. KeyCorp increased 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. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 in the last three months. 3.39% of the stock is owned by company insiders.

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.