National Pension Service Raises Stock Position in Arista Networks, Inc. $ANET

National Pension Service increased its stake in Arista Networks, Inc. (NYSE:ANET) by 3.5% during the 2nd quarter, Holdings Channel reports. The fund owned 3,026,712 shares of the technology company’s stock after purchasing an additional 102,776 shares during the quarter. National Pension Service’s holdings in Arista Networks were worth $309,663,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ANET. Advyzon Investment Management LLC acquired a new position in shares of Arista Networks during the 2nd quarter worth about $245,000. Verus Capital Partners LLC acquired a new stake in Arista Networks during the 2nd quarter worth $301,000. Clarity Wealth Advisors LLC grew its holdings in shares of Arista Networks by 6.5% during the second quarter. Clarity Wealth Advisors LLC now owns 5,758 shares of the technology company’s stock worth $589,000 after buying an additional 350 shares during the last quarter. Ibex Wealth Advisors increased its holdings in shares of Arista Networks by 11.8% in the second quarter. Ibex Wealth Advisors now owns 64,932 shares of the technology company’s stock valued at $6,643,000 after purchasing an additional 6,839 shares during the period. Finally, Vise Technologies Inc. purchased a new position in Arista Networks during the 2nd quarter worth $1,774,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock opened at $134.88 on Wednesday. The firm has a market capitalization of $169.85 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The business has a 50 day simple moving average of $146.66 and a 200 day simple moving average of $120.95.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $2.40 EPS. The firm’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, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 30,000 shares of the firm’s 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 sale, the insider owned 12,976 shares of the company’s stock, valued at $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,009,040 shares of company stock valued at $294,365,034. Company insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent analyst reports. Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a report on Wednesday, November 5th. Eighteen equities research 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, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

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.