Arista Networks, Inc. $ANET Position Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in Arista Networks, Inc. (NYSE:ANET) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,850 shares of the technology company’s stock after acquiring an additional 6,090 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Arista Networks were worth $9,707,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ANET. State Street Corp lifted its stake in Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after purchasing an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. grew its holdings in Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the period. Deutsche Bank AG grew its holdings in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after purchasing an additional 388,354 shares during the period. Finally, Amundi increased its position in Arista Networks by 5.7% during the first quarter. Amundi now owns 9,064,443 shares of the technology company’s stock worth $1,112,932,000 after buying an additional 491,173 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the completion of the sale, the insider owned 180,543,048 shares of the company’s stock, valued at approximately $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $185.42, for a total value of $4,820,920.00. Following the sale, the insider directly owned 452,400 shares of the company’s stock, valued at $83,884,008. This represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,380,998 shares of company stock worth $482,687,801 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 0.1%

Arista Networks stock opened at $170.70 on Monday. The company has a market capitalization of $215.66 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 1.59 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The stock’s 50 day moving average is $192.59 and its 200-day moving average is $165.70.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The firm’s revenue for the quarter was up 58.5% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.85 earnings per share for the current fiscal year.

Arista Networks News Summary

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista reported third-quarter revenue of $3.66 billion, up 58.5% year over year and above estimates, while EPS of $1.20 also beat expectations. The company raised its outlook, citing demand for AI data-center networking, Ethernet adoption, and growth across hyperscale and enterprise customers. Read More.
• Positive Sentiment: Analyst support offers another tailwind: Melius Research initiated coverage with a “strong-buy” rating, while other recent reports cited buy ratings and bullish price targets. Read More.
• Neutral Sentiment: The recent selloff has left investors debating whether the pullback creates a buying opportunity. ANET has declined substantially over the past month despite its strong results, leaving sentiment divided. Read More.
• Negative Sentiment: Valuation and customer concentration remain risks: Arista’s premium forward earnings multiple leaves less room for disappointment, while reliance on a limited number of large customers could make growth more vulnerable to spending changes. Read More.
• Negative Sentiment: Shares have also faced pressure from a broader AI-infrastructure stock selloff and reported insider sales. Those sales included transactions under pre-arranged trading plans, but can still add to near-term investor caution. Read More.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ANET shares. Wall Street Zen raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company reiterated an “overweight” rating and set a $245.00 target price (down from $255.00) on shares of Arista Networks in a research note on Wednesday. Bank of America reissued a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Arista Networks in a research note on Wednesday. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $240.24.

About Arista Networks

Arista Networks, Inc develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks.

The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

Founded in 2004 and headquartered in Santa Clara, California, Arista serves customers worldwide.