Arista Networks, Inc. $ANET Shares Bought by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. grew its stake in Arista Networks, Inc. (NYSE:ANET) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,913 shares of the technology company’s stock after acquiring an additional 29,669 shares during the quarter. Arista Networks comprises approximately 1.2% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 29th biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Arista Networks were worth $26,387,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Nuveen LLC purchased a new position in Arista Networks during the first quarter worth about $933,626,000. AQR Capital Management LLC increased its holdings in shares of Arista Networks by 153.8% during the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after buying an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Arista Networks by 193.3% during the 2nd 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. raised its position in shares of Arista Networks by 37.3% during the 1st 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 lifted its holdings in Arista Networks by 35.3% in the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after acquiring an additional 2,240,045 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

NYSE ANET opened at $127.95 on Thursday. The company has a market cap of $161.12 billion, a P/E ratio of 50.32, a P/E/G ratio of 3.37 and a beta of 1.48. The stock has a 50-day moving average of $142.80 and a two-hundred day moving average of $123.76. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data 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 analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the subject of several recent analyst reports. KeyCorp raised their target price 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 raised Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. UBS Group boosted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Barclays reaffirmed an “overweight” rating and set a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Finally, Evercore ISI boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Insiders Place Their Bets

In other Arista Networks news, Director Kelly Bodnar Battles sold 422 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $117.15, for a total value of $49,437.30. Following the completion of the transaction, the director owned 8,980 shares in the company, valued at $1,052,007. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,668,843.36. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,985,422 shares of company stock worth $290,780,281 in the last ninety days. 3.39% of the stock is owned by corporate insiders.

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.