Arista Networks, Inc. $ANET Shares Acquired by KBC Group NV

KBC Group NV lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 145.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224,709 shares of the technology company’s stock after buying an additional 725,316 shares during the quarter. KBC Group NV’s holdings in Arista Networks were worth $125,301,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at $33,000. REAP Financial Group LLC lifted its position in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the last quarter. Costello Asset Management INC lifted its stake in 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 purchasing an additional 154 shares during the last quarter. eCIO Inc. acquired a new position in shares of Arista Networks in the 1st quarter valued at about $36,000. Finally, Solstein Capital LLC raised its position in shares of Arista Networks by 493.8% during the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on ANET. William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a report on Thursday, September 25th. Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Finally, Needham & Company LLC increased their target price on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Stock Down 1.7%

ANET opened at $134.88 on Wednesday. The company has a fifty day simple moving average of $146.66 and a 200 day simple moving average of $120.95. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The stock has a market cap of $169.85 billion, a P/E ratio of 53.05, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.40 EPS. 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.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,009,040 shares of company stock valued at $294,365,034 in the last ninety days. 3.54% of the stock is currently owned by corporate insiders.

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.