Arista Networks, Inc. $ANET Stake Raised by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 35.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,299 shares of the technology company’s stock after acquiring an additional 4,018 shares during the quarter. Sigma Planning Corp’s holdings in Arista Networks were worth $1,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANET. Nuveen LLC bought a new stake in Arista Networks in the first quarter worth about $933,626,000. AQR Capital Management LLC increased its stake in Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after purchasing an additional 4,678,372 shares in the last quarter. Nordea Investment Management AB increased its stake in Arista Networks by 193.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after purchasing an additional 4,656,021 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after purchasing an additional 2,594,184 shares in the last quarter. Finally, Amundi increased its stake in Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after purchasing an additional 2,240,045 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ANET shares. The Goldman Sachs Group lifted their price target on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Wolfe Research lifted their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. lifted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, KeyCorp lifted their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.31.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the sale, the director owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. The trade was a 19.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,202,019 shares of company stock valued at $321,318,411. 3.39% of the stock is owned by corporate insiders.

Arista Networks Price Performance

NYSE:ANET opened at $140.47 on Thursday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The stock’s 50-day moving average is $146.74 and its two-hundred day moving average is $118.84. The stock has a market cap of $176.55 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks 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.