M Holdings Securities Inc. Purchases 14,335 Shares of Arista Networks, Inc. $ANET

M Holdings Securities Inc. acquired a new stake in Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,335 shares of the technology company’s stock, valued at approximately $2,918,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. State Street Corp raised its position in Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after acquiring an additional 74,541,134 shares in the last quarter. Jupiter Topco LLC acquired a new position in Arista Networks during the second quarter worth about $1,101,860,000. Envestnet Asset Management Inc. raised its position in shares of Arista Networks by 199.0% during the 2nd 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 last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Arista Networks in the second quarter valued at $537,736,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $1,712,788,000 after acquiring an additional 2,497,275 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Down 0.1%

Shares of NYSE ANET opened at $170.70 on Monday. The stock has a market capitalization of $215.66 billion, a PE ratio of 45.89, a P/E/G ratio of 1.59 and a beta of 1.61. The firm has a fifty day moving average of $192.59 and a 200-day moving average of $165.70. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41.

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

Key Arista Networks News

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 Ratings Changes

A number of research firms recently commented on ANET. TD Cowen dropped their price objective on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, October 19th. UBS Group restated a “buy” rating and issued a $291.00 target price (up from $259.00) on shares of Arista Networks in a report on Wednesday. Citigroup reaffirmed a “buy” rating and set a $248.00 price target (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $240.24.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the transaction, the insider owned 180,543,048 shares in the company, valued at $35,919,039,399.60. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $185.42, for a total value of $4,820,920.00. Following the sale, the insider owned 452,400 shares of the company’s stock, valued at approximately $83,884,008. This trade 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 valued at $482,687,801 over the last three months. 2.70% of the stock is owned by company insiders.

Arista Networks Company 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.

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