OLD National Bancorp IN Has $10.21 Million Stock Holdings in Arista Networks, Inc. $ANET

OLD National Bancorp IN lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 1,857.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 99,829 shares of the technology company’s stock after purchasing an additional 94,729 shares during the quarter. OLD National Bancorp IN’s holdings in Arista Networks were worth $10,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ANET. HighMark Wealth Management LLC grew its position in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at approximately $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks in the 1st quarter valued at approximately $33,000. Tradewinds Capital Management LLC grew its position in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after purchasing an additional 143 shares during the period. Finally, Costello Asset Management INC grew its position in shares of Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Up 0.7%

Shares of Arista Networks stock opened at $145.51 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $156.32. The business’s 50 day moving average is $137.53 and its 200-day moving average is $106.51. The stock has a market cap of $182.88 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.03 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results 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 business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 6,678,904 shares of company stock valued at $894,021,161. Corporate insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ANET. KeyCorp boosted their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Citigroup boosted their target price on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, September 12th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research note on Thursday, September 25th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.