Arista Networks, Inc. $ANET Position Lifted by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,089 shares of the technology company’s stock after purchasing an additional 8,092 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Arista Networks were worth $33,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ANET. William Mack & Associates Inc. purchased a new position in Arista Networks in the 3rd quarter worth approximately $27,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Arista Networks during the 3rd quarter valued at $31,000. ABS Investment Management LLC purchased a new stake in shares of Arista Networks during the 2nd quarter valued at $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks during the 2nd quarter worth $29,000. Finally, Balance Wealth Partners LLC bought a new stake in shares of Arista Networks during the 3rd quarter worth $35,000. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 130,553 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the sale, the chief executive officer owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Templeton sold 5,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $165.85, for a total transaction of $829,250.00. Following the completion of the transaction, the director owned 43,410 shares in the company, valued at $7,199,548.50. The trade was a 10.33% 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. Insiders have sold a total of 2,067,489 shares of company stock worth $406,340,373 over the last ninety days. 2.70% of the stock is owned by company insiders.

Arista Networks Trading Down 4.5%

Shares of NYSE:ANET traded down $9.39 during trading on Friday, reaching $197.24. 8,607,123 shares of the company traded hands, compared to its average volume of 8,550,391. The firm has a market capitalization of $249.20 billion, a price-to-earnings ratio of 53.02, a P/E/G ratio of 1.84 and a beta of 1.61. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The business’s fifty day moving average is $192.89 and its 200-day moving average is $167.10.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was up 58.5% on a year-over-year basis. On average, sell-side analysts predict that Arista Networks, Inc. will post 4.01 earnings per share for the current fiscal year.

Recent Arista Networks Headlines

Here are a few of the latest headlines about ANET:

• Positive Sentiment: Arista’s latest quarter topped expectations, and management forecast fourth-quarter revenue of $3.9 billion to $4.0 billion. KeyCorp also raised its earnings estimates, while analyst price targets suggest potential upside. Arista Networks guides higher KeyCorp boosts earnings estimates
• Neutral Sentiment: Arista was highlighted as a high-return-on-equity stock and as one of a few AI names holding up relatively well during a broader AI-stock correction. These rankings may support investor interest but do not remove market-wide risk. Zacks high-ROE stocks AI stocks holding up
• Negative Sentiment: ANET shares decreased alongside Cisco and Hewlett Packard Enterprise as investors reassessed growth prospects across networking. Cisco’s strong AI outlook did not prevent a selloff, with commentary questioning whether its growth has peaked—a concern that may weigh on peers, including Arista. Networking stocks retreat

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ANET. Wall Street Zen upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. UBS Group restated a “buy” rating and set a $291.00 price target (up from $259.00) on shares of Arista Networks in a research report on Wednesday, November 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $280.00 price target on shares of Arista Networks in a research note on Wednesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $230.00 price objective (up from $220.00) on shares of Arista Networks in a research report on Wednesday, November 4th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average price target of $240.24.

Arista Networks Profile

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.