Dynamic Technology Lab Private Ltd Acquires New Holdings in Arista Networks, Inc. $ANET

Dynamic Technology Lab Private Ltd acquired a new position in Arista Networks, Inc. (NYSE:ANET) in the first quarter, Holdings Channel reports. The fund acquired 7,002 shares of the technology company’s stock, valued at approximately $543,000.

A number of other hedge funds also recently bought and sold shares of the stock. Teza Capital Management LLC bought a new position in shares of Arista Networks in the 1st quarter worth $584,000. UniSuper Management Pty Ltd boosted its position in Arista Networks by 20.5% during the first quarter. UniSuper Management Pty Ltd now owns 230,225 shares of the technology company’s stock valued at $17,838,000 after purchasing an additional 39,141 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Arista Networks by 4.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 201,825 shares of the technology company’s stock valued at $15,637,000 after purchasing an additional 9,508 shares during the last quarter. Nearwater Capital Markets Ltd raised its holdings in Arista Networks by 100.0% in the first quarter. Nearwater Capital Markets Ltd now owns 200,000 shares of the technology company’s stock worth $15,496,000 after purchasing an additional 100,000 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Arista Networks by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 155,780 shares of the technology company’s stock valued at $12,071,000 after buying an additional 11,317 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 56,548 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $143.56, for a total value of $8,118,030.88. Following the sale, the chief executive officer directly owned 5,555,373 shares of the company’s stock, valued at $797,529,347.88. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the transaction, the director directly owned 57,784 shares of the company’s stock, valued at approximately $6,761,305.84. This trade represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,334,926 shares of company stock worth $795,392,998 over the last quarter. Insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

NYSE ANET opened at $150.96 on Thursday. The stock’s fifty day moving average price is $125.09 and its 200 day moving average price is $99.44. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $151.71. The company has a market cap of $189.74 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 3.34 and a beta of 1.50.

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

Analysts Set New Price Targets

ANET has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $135.00 price objective (up previously from $125.00) on shares of Arista Networks in a research note on Wednesday, September 3rd. Barclays reaffirmed an “overweight” rating and issued a $151.00 price target (up from $119.00) on shares of Arista Networks in a report on Thursday, August 7th. Redburn Atlantic initiated coverage on Arista Networks in a report on Wednesday, May 28th. They set a “buy” rating and a $112.00 price objective for the company. The Goldman Sachs Group boosted their target price 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 upped their target price on Arista Networks from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.79.

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.