Arista Networks, Inc. $ANET Stock Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its position in Arista Networks, Inc. (NYSE:ANET) by 67.6% in the third quarter, Holdings Channel.com reports. The firm owned 559,488 shares of the technology company’s stock after acquiring an additional 225,572 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Arista Networks were worth $113,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Werba Rubin Papier Wealth Management boosted its stake in shares of Arista Networks by 24.6% in the third quarter. Werba Rubin Papier Wealth Management now owns 1,480 shares of the technology company’s stock valued at $301,000 after buying an additional 292 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new position in Arista Networks during the third quarter worth $61,000. CENTRAL TRUST Co grew its holdings in Arista Networks by 21.6% during the third quarter. CENTRAL TRUST Co now owns 6,333 shares of the technology company’s stock worth $1,289,000 after acquiring an additional 1,123 shares during the period. Maryland State Retirement & Pension System raised its position in Arista Networks by 12.9% in the third quarter. Maryland State Retirement & Pension System now owns 63,766 shares of the technology company’s stock worth $12,982,000 after acquiring an additional 7,310 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in Arista Networks by 8.5% in the third quarter. Ritholtz Wealth Management now owns 21,483 shares of the technology company’s stock worth $4,374,000 after acquiring an additional 1,677 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANET. TD Cowen reduced their target price on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a report on Monday, October 19th. Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Sanford C. Bernstein began coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price target on the stock. Piper Sandler increased their price target on shares of Arista Networks from $240.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Finally, KeyCorp reiterated an “overweight” rating and issued a $250.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $240.24.

Insider Buying and Selling

In other Arista Networks news, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $185.42, for a total transaction of $4,820,920.00. Following the sale, the insider directly owned 452,400 shares in the company, valued at approximately $83,884,008. The trade was a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jayshree Ullal sold 460,374 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66. Following the completion of the sale, the chief executive officer directly owned 4,811,207 shares in the company, valued at $1,020,408,892.63. This trade represents a 8.73% 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 ninety days, insiders sold 2,067,489 shares of company stock valued at $406,340,373. 2.70% of the stock is owned by insiders.

Key Headlines Impacting Arista Networks

These are some of the ANET headlines that stood out recently:

• Positive Sentiment: Arista beat Q3 expectations: revenue rose 58.5% year over year to $3.66 billion, and EPS of $1.20 topped the $1.08 consensus. Management forecast Q4 revenue of $3.9 billion to $4.0 billion, extending the growth outlook. Arista Networks guides higher
• Neutral Sentiment: Coverage describes a rebound in AI and cloud-related stocks as a tailwind for Arista, but notes the rally is facing resistance amid volatile trading. Arista Q3 beat and market reaction
• Negative Sentiment: Valuation is a key concern after the strong run: one analysis asks whether the stock is overvalued despite improved guidance. Reports also flag substantial co-founder share sales; these may not necessarily signal a change in business outlook, but could weigh on sentiment. Arista valuation analysis Co-founder stock sales

Arista Networks Price Performance

Shares of NYSE:ANET opened at $206.67 on Friday. The business’s 50 day simple moving average is $192.77 and its 200-day simple moving average is $166.84. The firm has a market capitalization of $261.11 billion, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The company’s revenue was up 58.5% compared to the same quarter last year. On average, equities analysts anticipate that Arista Networks, Inc. will post 4.01 earnings per share for the current year.

About Arista Networks

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.