Wakefield Asset Management LLLP Makes New $263,000 Investment in Arista Networks, Inc. $ANET

Wakefield Asset Management LLLP purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,574 shares of the technology company’s stock, valued at approximately $263,000.

Several other institutional investors have also recently made changes to their positions in ANET. Nuveen LLC purchased a new position in shares of Arista Networks during the first quarter valued at $933,626,000. AQR Capital Management LLC increased its stake in shares of Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after buying an additional 4,678,372 shares during the period. Nordea Investment Management AB increased its stake in shares of Arista Networks by 193.3% during the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after buying an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. increased its stake 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 buying an additional 2,594,184 shares during the period. Finally, Amundi increased its stake in shares of Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after buying an additional 2,240,045 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

ANET opened at $157.64 on Monday. The firm has a market capitalization of $198.13 billion, a PE ratio of 62.00, a price-to-earnings-growth ratio of 3.37 and a beta of 1.47. The business’s 50-day moving average is $145.72 and its two-hundred day moving average is $117.50. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ANET shares. JPMorgan Chase & Co. raised their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” 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. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, UBS Group lifted their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Arista Networks has an average rating of “Moderate Buy” and an average target price of $163.94.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’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 completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% 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 the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,325,040 shares of company stock valued at $611,632,257. 3.39% of the stock is currently owned by corporate insiders.

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.