Lido Advisors LLC Increases Stock Holdings in Arista Networks, Inc. $ANET

Lido Advisors LLC increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 9.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 160,115 shares of the technology company’s stock after acquiring an additional 14,251 shares during the period. Lido Advisors LLC’s holdings in Arista Networks were worth $16,381,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Arista Networks by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after purchasing an additional 1,136,167 shares in the last quarter. Geode Capital Management LLC increased its stake in Arista Networks by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock worth $2,606,694,000 after buying an additional 128,977 shares during the period. Alliancebernstein L.P. lifted its holdings in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. Nuveen LLC purchased a new position in Arista Networks in the 1st quarter valued at about $933,626,000. Finally, Norges Bank purchased a new position in Arista Networks in the 2nd quarter valued at about $1,228,177,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,668,843.36. The trade was a 69.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at approximately $1,235,162.35. This represents a 70.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,009,464 shares of company stock valued at $293,774,712 in the last ninety days. Company insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ANET shares. KeyCorp boosted 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. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. increased 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. Citigroup raised their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Wolfe Research boosted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Price Performance

Shares of ANET stock opened at $131.25 on Monday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The firm has a market capitalization of $165.28 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The business has a 50 day simple moving average of $142.06 and a 200 day simple moving average of $124.43.

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

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.