Jupiter Asset Management Ltd. Purchases 164,738 Shares of Arista Networks, Inc. $ANET

Jupiter Asset Management Ltd. grew its position in Arista Networks, Inc. (NYSE:ANET) by 29.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 726,039 shares of the technology company’s stock after acquiring an additional 164,738 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Arista Networks were worth $74,281,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Arista Networks by 1.8% in the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after purchasing an additional 1,771,982 shares during the period. Alliancebernstein L.P. raised its stake in shares of 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 buying an additional 1,889,198 shares in the last quarter. Nuveen LLC bought a new position in shares of Arista Networks during the 1st quarter worth about $933,626,000. Northern Trust Corp lifted its holdings in shares of Arista Networks by 3.7% during the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after acquiring an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position 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 acquiring an additional 2,594,184 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $140.00 price target on shares of Arista Networks in a research report on Wednesday, November 5th. Erste Group Bank downgraded Arista Networks from a “buy” rating to a “hold” rating in a report on Monday. Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. UBS Group raised their target price on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company upped their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Insider Buying and Selling at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the sale, the director owned 33,784 shares of the company’s stock, valued at $5,308,142.08. This trade represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the transaction, the insider owned 12,976 shares of the company’s stock, valued at $1,852,324. This trade represents a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,009,040 shares of company stock worth $294,365,034. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

ANET stock opened at $134.88 on Wednesday. The business has a fifty day moving average price of $146.66 and a 200 day moving average price 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 stock has a market capitalization of $169.85 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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.