Mitsubishi UFJ Trust & Banking Corp Purchases 583,715 Shares of Arista Networks, Inc. $ANET

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 64.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,489,267 shares of the technology company’s stock after acquiring an additional 583,715 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Arista Networks were worth $152,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. REAP Financial Group LLC grew its position in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Solstein Capital LLC boosted its stake in Arista Networks by 493.8% in the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares during the period. Saudi Central Bank bought a new stake in shares of Arista Networks during the first quarter valued at approximately $33,000. Costello Asset Management INC raised its position in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares during the last quarter. Finally, Hemington Wealth Management lifted its holdings in shares of Arista Networks by 28.2% in the second quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after buying an additional 101 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on ANET shares. Evercore ISI raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, 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. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the transaction, the director owned 33,784 shares in the company, valued at $5,308,142.08. The trade was a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,009,040 shares of company stock worth $294,365,034. Company insiders own 3.54% of the company’s stock.

Arista Networks Trading Down 1.7%

ANET opened at $134.88 on Wednesday. The firm has a market cap of $169.85 billion, a P/E ratio of 53.05, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The stock has a 50-day moving average of $146.66 and a 200 day moving average of $120.95.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, research analysts forecast 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.