51,974 Shares in Arista Networks, Inc. $ANET Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new stake in Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 51,974 shares of the technology company’s stock, valued at approximately $5,317,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Breed s Hill Capital LLC raised its stake in shares of Arista Networks by 5.8% during the second quarter. Breed s Hill Capital LLC now owns 3,387 shares of the technology company’s stock valued at $347,000 after purchasing an additional 186 shares in the last quarter. Calamos Advisors LLC increased its stake in Arista Networks by 88.1% during the 2nd quarter. Calamos Advisors LLC now owns 323,816 shares of the technology company’s stock valued at $33,130,000 after buying an additional 151,647 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in shares of Arista Networks by 4.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 156,514 shares of the technology company’s stock worth $16,013,000 after buying an additional 6,604 shares in the last quarter. Bailard Inc. bought a new stake in shares of Arista Networks during the 2nd quarter worth about $2,902,000. Finally, Geode Capital Management LLC lifted its stake in shares of Arista Networks by 0.5% in 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 acquiring an additional 128,977 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday. Needham & Company LLC lifted their target price on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. The Goldman Sachs Group boosted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 33,784 shares in the company, valued at $5,308,142.08. The trade was a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,009,040 shares of company stock worth $294,365,034. 3.54% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

Arista Networks stock opened at $130.13 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94. The firm has a market capitalization of $163.87 billion, a price-to-earnings ratio of 51.18, a P/E/G ratio of 3.37 and a beta of 1.48. The company has a 50 day moving average price of $146.39 and a 200 day moving average price of $121.11.

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 the consensus estimate of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. Equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

About Arista Networks

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.