Russell Investments Group Ltd. Has $223.45 Million Stock Position in Arista Networks, Inc. $ANET

Russell Investments Group Ltd. increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,188,123 shares of the technology company’s stock after purchasing an additional 327,576 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Arista Networks worth $223,447,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ANET. Brighton Jones LLC increased its stake in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks during the 4th quarter worth approximately $202,000. Bison Wealth LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $251,000. HB Wealth Management LLC increased its stake in Arista Networks by 6.2% in the first quarter. HB Wealth Management LLC now owns 31,285 shares of the technology company’s stock valued at $2,424,000 after purchasing an additional 1,816 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Arista Networks by 6.5% in the first quarter. LPL Financial LLC now owns 1,183,126 shares of the technology company’s stock valued at $91,669,000 after purchasing an additional 72,531 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the completion of the transaction, the insider directly owned 12,976 shares in the company, valued at $1,668,843.36. This represents a 69.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 33,784 shares of the company’s stock, valued at $5,308,142.08. The trade was a 19.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,985,422 shares of company stock valued at $290,780,281 over the last 90 days. 3.39% of the stock is owned by corporate insiders.

Arista Networks Stock Performance

NYSE:ANET opened at $125.08 on Wednesday. The stock has a 50-day simple moving average of $143.09 and a 200 day simple moving average of $123.73. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The company has a market cap of $157.51 billion, a PE ratio of 49.20, a PEG 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, beating 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 firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the business posted $2.40 EPS. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. On average, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Erste Group Bank lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Citigroup lifted their target price on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair reissued an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Barclays restated an “overweight” rating and issued a $183.00 price target (up from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Finally, 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 research report on Thursday, September 25th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.31.

Arista Networks Company 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.