Arista Networks, Inc. $ANET Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 519,900 shares of the technology company’s stock after acquiring an additional 16,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Arista Networks were worth $53,191,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANET. Nuveen LLC acquired a new stake in shares of Arista Networks during the first quarter worth about $933,626,000. AQR Capital Management LLC increased its position in shares of 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 worth $584,119,000 after purchasing an additional 4,678,372 shares in the last quarter. Goldman Sachs Group Inc. increased 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 in the last quarter. Amundi increased its position in Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after acquiring an additional 2,240,045 shares during the period. Finally, Alliancebernstein L.P. increased its position in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ANET. The Goldman Sachs Group boosted their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wolfe Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. UBS Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Arista Networks Trading Up 2.8%

Shares of ANET opened at $149.61 on Tuesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The stock’s 50 day moving average is $138.18 and its two-hundred day moving average is $107.14. The firm has a market capitalization of $188.04 billion, a PE ratio of 58.84, a P/E/G ratio of 3.03 and a beta of 1.47.

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

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,678,904 shares of company stock valued at $894,021,161. 3.39% of the stock is owned by corporate insiders.

Arista Networks Company 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.