Asset Management One Co. Ltd. Purchases 18,744 Shares of Arista Networks, Inc. $ANET

Asset Management One Co. Ltd. increased its position in Arista Networks, Inc. (NYSE:ANET) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 511,816 shares of the technology company’s stock after acquiring an additional 18,744 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Arista Networks were worth $52,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 1,771,982 shares during the period. Alliancebernstein L.P. grew its holdings in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the period. Nuveen LLC bought a new stake in Arista Networks during the first quarter valued at about $933,626,000. Northern Trust Corp grew its holdings in Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after purchasing an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after purchasing an additional 2,594,184 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 4.2%

NYSE:ANET opened at $152.74 on Friday. The company has a market capitalization of $191.97 billion, a P/E ratio of 60.08, a P/E/G ratio of 3.06 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68. The business’s 50-day moving average is $142.88 and its 200 day moving average is $113.06.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company’s stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,617,342 shares of company stock worth $888,707,954. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of several recent research reports. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a report on Thursday, September 25th. KeyCorp boosted their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Wolfe Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Finally, William Blair restated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.94.

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.