Arista Networks, Inc. $ANET Shares Bought by Empirical Finance LLC

Empirical Finance LLC raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,188 shares of the technology company’s stock after buying an additional 1,442 shares during the quarter. Empirical Finance LLC’s holdings in Arista Networks were worth $3,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in Arista Networks in the 1st quarter valued at about $33,000. REAP Financial Group LLC grew its position in shares of Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the last quarter. eCIO Inc. acquired a new stake in shares of Arista Networks in the first quarter valued at approximately $36,000. Finally, Solstein Capital LLC lifted its position in Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after buying an additional 316 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of ANET stock opened at $123.50 on Wednesday. The firm has a market cap of $155.53 billion, a P/E ratio of 48.58, a P/E/G ratio of 3.37 and a beta of 1.48. The firm’s 50 day moving average price is $145.54 and its 200-day moving average price is $122.55. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94.

Arista Networks (NYSE:ANET) last announced its earnings results 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. 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 analyst estimates of $2.26 billion. During the same quarter in the previous year, the company earned $2.40 earnings per share. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction that occurred on Friday, October 17th. The shares were 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 have sold 1,953,040 shares of company stock valued at $286,720,474. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ANET. Barclays restated an “overweight” rating and issued a $183.00 target price (up from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Piper Sandler reiterated a “neutral” rating and issued a $145.00 target price (up from $143.00) on shares of Arista Networks in a report on Wednesday, November 5th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.31.

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.