Arista Networks, Inc. $ANET Stake Boosted by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 10.4% 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 236,197 shares of the technology company’s stock after purchasing an additional 22,260 shares during the quarter. ProShare Advisors LLC’s holdings in Arista Networks were worth $24,165,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock valued at $7,581,955,000 after buying an additional 1,771,982 shares during the period. Alliancebernstein L.P. raised its stake in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares during the period. Nuveen LLC bought a new position in Arista Networks in the first quarter worth about $933,626,000. Northern Trust Corp boosted its stake in Arista Networks by 3.7% in the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after acquiring an additional 372,677 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings 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 valued at $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 1.7%

Shares of NYSE:ANET opened at $134.88 on Wednesday. The company has a 50 day moving average of $146.66 and a 200-day moving average of $120.95. The firm 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, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ANET shares. Wolfe Research raised their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Erste Group Bank cut Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup upped their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group boosted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Insider Buying and Selling

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,009,040 shares of company stock valued at $294,365,034 over the last three months. Company insiders own 3.54% 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.