Arista Networks, Inc. $ANET Shares Acquired by PDS Planning Inc

PDS Planning Inc boosted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,603 shares of the technology company’s stock after buying an additional 573 shares during the quarter. PDS Planning Inc’s holdings in Arista Networks were worth $778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Arista Networks during the first quarter valued at approximately $629,000. Commonwealth Equity Services LLC lifted its position in shares of Arista Networks by 19.8% during the 1st 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 during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks during the 1st quarter valued at $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after acquiring an additional 316,309 shares in the last quarter. Finally, Dunhill Financial LLC grew its holdings in shares of Arista Networks by 2,317.5% in the 1st quarter. Dunhill Financial LLC now owns 6,358 shares of the technology company’s stock worth $493,000 after acquiring an additional 6,095 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

Shares of ANET opened at $154.51 on Friday. The business’s 50-day moving average is $140.85 and its 200-day moving average is $108.89. The company has a market capitalization of $194.19 billion, a price-to-earnings ratio of 60.77, a P/E/G ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.11 billion. During the same period 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. Equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 6,678,904 shares of company stock worth $894,021,161. Insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANET. JPMorgan Chase & Co. upped their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Evercore ISI boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a report on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

Arista Networks 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.