Mizuho Securities Co. Ltd. Raises Position in Arista Networks, Inc. $ANET

Mizuho Securities Co. Ltd. grew its position in Arista Networks, Inc. (NYSE:ANET) by 634.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,840 shares of the technology company’s stock after acquiring an additional 8,500 shares during the period. Arista Networks accounts for 3.6% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 8th largest holding. Mizuho Securities Co. Ltd.’s holdings in Arista Networks were worth $1,007,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Arista Networks during the 1st quarter worth $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after buying an additional 316,309 shares during the last quarter. Trilogy Capital Inc. increased its stake in shares of Arista Networks by 13.7% in the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after buying an additional 3,079 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Arista Networks by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after acquiring an additional 1,136,167 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ANET shares. JPMorgan Chase & Co. raised their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Needham & Company LLC upped their target price on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Rosenblatt Securities restated a “neutral” rating and issued a $140.00 price target on shares of Arista Networks in a research report on Wednesday, November 5th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a report on Thursday, September 25th. Finally, Wells Fargo & Company increased their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Stock Up 0.9%

ANET opened at $124.62 on Thursday. The stock has a market cap of $156.93 billion, a P/E ratio of 49.01, 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 company has a fifty day simple moving average of $145.01 and a 200 day simple moving average of $122.56.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (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 during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company earned $2.40 earnings per share. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks 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 transaction, the director owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. The trade was a 19.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’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 transaction 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 $799,567,735.71. This trade represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,009,040 shares of company stock worth $293,922,634. Company insiders own 3.39% of the company’s stock.

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.