Empirical Finance LLC Raises Stake in Arista Networks, Inc. $ANET

Empirical Finance LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,188 shares of the technology company’s stock after acquiring an additional 1,442 shares during the period. Empirical Finance LLC’s holdings in Arista Networks were worth $3,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Talos Eurisko Asset Management LP acquired a new position in shares of Arista Networks during the second quarter worth $42,520,000. Renaissance Group LLC raised its stake in Arista Networks by 21.6% in the second quarter. Renaissance Group LLC now owns 358,885 shares of the technology company’s stock valued at $36,718,000 after buying an additional 63,731 shares in the last quarter. FineMark National Bank & Trust lifted its holdings in Arista Networks by 1.5% during the 2nd quarter. FineMark National Bank & Trust now owns 11,062 shares of the technology company’s stock worth $1,132,000 after buying an additional 165 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Arista Networks by 6.4% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,518 shares of the technology company’s stock worth $1,485,000 after acquiring an additional 878 shares in the last quarter. Finally, PFG Private Wealth Management LLC boosted its position in shares of Arista Networks by 4.9% during the 2nd quarter. PFG Private Wealth Management LLC now owns 4,413 shares of the technology company’s stock worth $451,000 after acquiring an additional 208 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $123.50 on Wednesday. The firm’s fifty day simple moving average is $145.54 and its 200-day simple moving average is $122.55. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The stock has a market capitalization of $155.53 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm posted $2.40 EPS. Arista Networks’s revenue for the quarter was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

ANET has been the subject of several recent analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $140.00 target price on shares of Arista Networks in a research note on Wednesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Barclays restated an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Melius Research increased their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, UBS Group boosted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,953,040 shares of company stock valued at $286,720,474 over the last quarter. 3.39% of the stock is currently owned by insiders.

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.