Arista Networks, Inc. $ANET Shares Bought by Virtus Investment Advisers LLC

by · The Cerbat Gem

Virtus Investment Advisers LLC grew its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 33.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,788 shares of the technology company’s stock after acquiring an additional 4,452 shares during the quarter. Arista Networks comprises about 0.6% of Virtus Investment Advisers LLC’s holdings, making the stock its 15th largest position. Virtus Investment Advisers LLC’s holdings in Arista Networks were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in Arista Networks by 321.7% in the fourth 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 period. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC acquired a new position in Arista Networks in the 4th quarter valued at about $251,000. Mackenzie Financial Corp raised its stake in Arista Networks by 15.6% during the 1st quarter. Mackenzie Financial Corp now owns 214,836 shares of the technology company’s stock valued at $16,645,000 after acquiring an additional 29,044 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Arista Networks by 3.7% during the 1st quarter. Foundations Investment Advisors LLC now owns 7,059 shares of the technology company’s stock worth $547,000 after acquiring an additional 249 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Shares of ANET opened at $127.95 on Friday. The firm has a 50 day simple moving average of $142.42 and a 200-day simple moving average of $123.79. The stock has a market cap of $161.12 billion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94.

Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.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 company earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $117.15, for a total transaction of $49,437.30. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’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 position. The SEC filing for this sale provides additional information. Insiders have sold 1,985,422 shares of company stock valued at $290,780,281 in the last ninety days. Insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. KeyCorp boosted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Arista Networks in a report on Monday. Finally, Citigroup increased their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Get Our Latest Stock Analysis on ANET

About Arista Networks

(Free Report)

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.

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