Sage Mountain Advisors LLC Increases Holdings in Arista Networks, Inc. $ANET

Sage Mountain Advisors LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 22.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,147 shares of the technology company’s stock after purchasing an additional 1,134 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Arista Networks were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% during the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock valued at $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares during the last quarter. Nuveen LLC bought a new stake in Arista Networks in the 1st quarter valued at $933,626,000. Northern Trust Corp lifted its stake in Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after purchasing an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE ANET opened at $154.32 on Friday. The business’s 50 day moving average price is $143.22 and its 200-day moving average price is $113.95. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The company has a market cap of $193.96 billion, a P/E ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results 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 return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $0.53 earnings per share. Arista Networks’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Activity

In related 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 value of $243,175,176.30. Following the sale, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,617,342 shares of company stock worth $888,707,954 over the last quarter. 3.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ANET has been the topic of several research reports. Melius Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. KeyCorp upped their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Needham & Company LLC raised their target price on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, William Blair restated an “outperform” rating on shares of Arista Networks 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 stock. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and an average price target of $163.94.

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.