Up Capital Management Inc. increased its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,861 shares of the technology company’s stock after acquiring an additional 2,878 shares during the quarter. Arista Networks comprises about 5.4% of Up Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Up Capital Management Inc.’s holdings in Arista Networks were worth $6,941,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new position in Arista Networks during the 4th quarter valued at about $202,000. Bison Wealth LLC acquired a new position in Arista Networks during the 4th quarter valued at about $251,000. Sivia Capital Partners LLC boosted its stake in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.
Arista Networks Stock Up 0.0%
NYSE ANET opened at $198.91 on Monday. The firm’s 50 day moving average is $174.08 and its 200-day moving average is $154.79. The company has a market capitalization of $250.87 billion, a PE ratio of 62.75, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89.
Key Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista remains a key beneficiary of expanding artificial-intelligence infrastructure spending. A comparison with Celestica highlights both companies’ growing roles in AI networking, computing and data-center buildouts. Arista’s latest quarter also showed strong momentum, with revenue rising 37.7% year over year and earnings exceeding analyst expectations. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
- Positive Sentiment: CNBC commentator Jim Cramer continues to favor Arista and has described the company and CEO Jayshree Ullal as difficult competitors to bet against. The endorsement reinforces Arista’s reputation as a leading AI-networking investment, although it is sentiment-driven rather than a new fundamental catalyst. Jim Cramer Said Arista Networks, Inc. and Snowflake Inc. Were Worth It
- Neutral Sentiment: An options strategy discussed for ANET would generate income while capping upside at a price above the current level. The strategy reflects elevated investor interest and volatility but does not change Arista’s business outlook. Get Paid 18% a Year To Cap Your ANET Stock At 21% Higher
- Negative Sentiment: CEO Jayshree Ullal sold 573,509 shares worth approximately $119.4 million, reducing her direct ownership by 95.82% to 25,000 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the size of the sale can still weigh on sentiment. SEC insider-trading filing
- Negative Sentiment: A valuation analysis argues that Arista’s shares are priced for peak profitability. With the stock trading at a historically elevated multiple and margins near the upper end of their range, investors may be concerned that future upside requires continued exceptional growth and profitability. Arista Networks Stock Is Priced For Its Peak Margin
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ANET. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial upped their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wolfe Research restated an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, Citigroup restated a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $226.05.
Read Our Latest Research Report on ANET
Insider Buying and Selling at Arista Networks
In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $181.02, for a total transaction of $1,448,160.00. Following the completion of the transaction, the director directly owned 184,333 shares in the company, valued at $33,367,959.66. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 111,848 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $192.75, for a total value of $21,558,702.00. Following the completion of the transaction, the insider owned 109,833 shares of the company’s stock, valued at $21,170,310.75. The trade was a 50.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,335,168 shares of company stock valued at $798,637,629. Corporate insiders own 2.70% of the company’s stock.
Arista Networks Profile
Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.
Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.
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