Talos Eurisko Asset Management LP Takes Position in Arista Networks, Inc. $ANET

Talos Eurisko Asset Management LP acquired a new position in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 415,600 shares of the technology company’s stock, valued at approximately $42,520,000. Arista Networks comprises approximately 10.1% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds have also recently bought and sold shares of ANET. Commonwealth Equity Services LLC raised its stake in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after buying an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks during the first quarter worth $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Arista Networks by 94.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Trilogy Capital Inc. lifted its stake in Arista Networks by 13.7% in the first quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after buying an additional 3,079 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Arista Networks by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after buying an additional 1,136,167 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ANET shares. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Evercore ISI increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research note on Thursday, September 25th. Finally, UBS Group raised their price target on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Trading Down 3.0%

ANET stock opened at $123.50 on Wednesday. The stock has a 50-day moving average price of $145.54 and a two-hundred day moving average price of $122.55. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94. The stock has a market cap of $155.53 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results 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 company 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 company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $3,711,500.00. Following the transaction, the insider directly owned 552,400 shares of the company’s stock, valued at $78,855,100. This represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,953,040 shares of company stock worth $286,720,474. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Profile

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.