Forsta AP Fonden Acquires 15,400 Shares of Arista Networks, Inc. $ANET

Forsta AP Fonden grew its stake in Arista Networks, Inc. (NYSE:ANET) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 313,300 shares of the technology company’s stock after purchasing an additional 15,400 shares during the period. Forsta AP Fonden’s holdings in Arista Networks were worth $32,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Nuveen LLC bought a new stake in Arista Networks in the first quarter valued at $933,626,000. AQR Capital Management LLC boosted its stake in shares of Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after purchasing an additional 4,678,372 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Arista Networks by 193.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after purchasing an additional 4,656,021 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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. Finally, Amundi lifted its holdings in Arista Networks by 35.3% during the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after purchasing an additional 2,240,045 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Price Performance

ANET opened at $134.88 on Wednesday. The firm has a 50 day simple moving average of $146.66 and a 200 day simple moving average of $120.95. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The company has a market cap of $169.85 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. As a group, analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

ANET has been the topic of several recent analyst reports. Melius Research boosted 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. Evercore ISI boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Rosenblatt Securities restated a “neutral” rating and issued a $140.00 target price on shares of Arista Networks in a research note on Wednesday, November 5th. Morgan Stanley set a $171.00 price target on Arista Networks and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Wolfe Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.31.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,009,040 shares of company stock worth $294,365,034. 3.39% of the stock is owned by insiders.

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.