Syntax Research Inc. Has $3.17 Million Position in Arista Networks, Inc. $ANET

Syntax Research Inc. boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 40.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,977 shares of the technology company’s stock after purchasing an additional 8,977 shares during the quarter. Arista Networks comprises approximately 2.3% of Syntax Research Inc.’s investment portfolio, making the stock its 14th largest holding. Syntax Research Inc.’s holdings in Arista Networks were worth $3,169,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in 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 purchasing an additional 1,771,982 shares during the period. Alliancebernstein L.P. boosted its holdings in Arista Networks by 9.0% during the 1st 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 last quarter. Nuveen LLC purchased a new position in Arista Networks during the 1st quarter worth $933,626,000. Northern Trust Corp boosted its holdings in Arista Networks by 3.7% during the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after acquiring an additional 372,677 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after acquiring an additional 2,594,184 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated 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 approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,670,904 shares of company stock worth $892,841,241. Company insiders own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ANET shares. Needham & Company LLC lifted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Evercore ISI lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Morgan Stanley lifted their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, KeyCorp lifted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Price Performance

NYSE ANET opened at $144.55 on Friday. The stock has a market capitalization of $181.68 billion, a price-to-earnings ratio of 56.85, a PEG ratio of 3.11 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The business’s fifty day moving average is $136.91 and its 200-day moving average is $105.93.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) 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 business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

About Arista Networks

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.