Sustainable Insight Capital Management LLC Buys 1,914 Shares of Arista Networks, Inc. $ANET

Sustainable Insight Capital Management LLC grew its position in Arista Networks, Inc. (NYSE:ANET) by 54.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,402 shares of the technology company’s stock after purchasing an additional 1,914 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Arista Networks were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. Nuveen LLC bought a new stake in Arista Networks in the 1st quarter valued at $933,626,000. AQR Capital Management LLC increased its position in Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after acquiring an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB lifted its stake in Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after purchasing an additional 4,656,021 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. Finally, Amundi grew its stake in Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after acquiring an additional 2,240,045 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE ANET opened at $133.99 on Friday. The firm’s 50 day simple moving average is $146.69 and its 200-day simple moving average is $118.95. The stock has a market capitalization of $168.41 billion, a price-to-earnings ratio of 52.70, a PEG 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.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Melius Research raised their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. William Blair reissued an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. KeyCorp increased their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 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. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.31.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’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 sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,009,040 shares of company stock worth $294,365,034 in the last quarter. 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.