Smith Group Asset Management LLC Boosts Stock Holdings in Arista Networks, Inc. $ANET

Smith Group Asset Management LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 362,125 shares of the technology company’s stock after buying an additional 7,632 shares during the period. Arista Networks comprises 2.4% of Smith Group Asset Management LLC’s holdings, making the stock its 14th biggest position. Smith Group Asset Management LLC’s holdings in Arista Networks were worth $37,049,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks in the 1st quarter worth about $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after buying an additional 316,309 shares during the last quarter. Trilogy Capital Inc. increased its holdings in shares of Arista Networks by 13.7% in the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock worth $1,985,000 after buying an additional 3,079 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Arista Networks in the 2nd quarter worth about $212,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ANET shares. Melius Research boosted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Needham & Company LLC lifted their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, Evercore ISI boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $163.94.

Arista Networks Stock Up 4.2%

NYSE ANET opened at $152.74 on Friday. The firm has a market cap of $191.97 billion, a PE ratio of 60.08, a price-to-earnings-growth ratio of 3.06 and a beta of 1.47. The company has a 50 day moving average price of $142.88 and a 200 day moving average price of $113.06. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68.

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

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,617,342 shares of company stock valued at $888,707,954. Insiders own 3.39% of the company’s stock.

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.