Roberts Glore & Co. Inc. IL Has $3.07 Million Stake in Arista Networks, Inc. $ANET

Roberts Glore & Co. Inc. IL reduced its holdings in Arista Networks, Inc. (NYSE:ANET) by 3.2% in the 2nd quarter, Holdings Channel reports. The fund owned 30,032 shares of the technology company’s stock after selling 1,000 shares during the quarter. Arista Networks accounts for 0.9% of Roberts Glore & Co. Inc. IL’s portfolio, making the stock its 24th biggest position. Roberts Glore & Co. Inc. IL’s holdings in Arista Networks were worth $3,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Saudi Central Bank acquired a new stake in Arista Networks during the 1st quarter worth approximately $33,000. REAP Financial Group LLC boosted its holdings 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 buying an additional 175 shares during the period. Costello Asset Management INC increased its position in shares of Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after acquiring an additional 154 shares in the last quarter. eCIO Inc. bought a new stake in shares of Arista Networks during the first quarter worth $36,000. Finally, Solstein Capital LLC raised its holdings in shares of 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 acquiring an additional 316 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,009,040 shares of company stock worth $294,365,034. Insiders own 3.39% of the company’s stock.

Arista Networks Stock Performance

ANET opened at $134.62 on Friday. The business’s 50-day simple moving average is $146.66 and its 200 day simple moving average is $119.77. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The firm has a market capitalization of $169.52 billion, a PE ratio of 52.95, a PEG ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share 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 firm 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 firm earned $2.40 EPS. The business’s quarterly revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ANET shares. Needham & Company LLC upped their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. 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. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.31.

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.