Arista Networks, Inc. $ANET Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,259 shares of the technology company’s stock after acquiring an additional 15,287 shares during the quarter. Achmea Investment Management B.V.’s holdings in Arista Networks were worth $16,601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks in the fourth quarter worth about $202,000. Bison Wealth LLC acquired a new position in Arista Networks during the fourth quarter worth about $251,000. Financial Counselors Inc. grew its stake in Arista Networks by 69.0% during the 1st quarter. Financial Counselors Inc. now owns 3,340 shares of the technology company’s stock valued at $259,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its stake in Arista Networks by 49.5% during the 1st quarter. Stratos Wealth Advisors LLC now owns 7,026 shares of the technology company’s stock valued at $544,000 after acquiring an additional 2,326 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the sale, the director directly owned 33,784 shares in the company, valued at $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,852,324. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,009,040 shares of company stock worth $294,365,034. 3.39% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

Shares of ANET stock opened at $133.99 on Friday. The firm has a market cap of $168.41 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.37 and a beta of 1.48. The firm’s 50 day moving average price is $146.69 and its 200-day moving average price is $118.95. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ANET. Wells Fargo & Company upped their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. upped their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report 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. Finally, 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 report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and a consensus price target of $164.31.

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.