Arista Networks, Inc. $ANET Shares Acquired by Transcend Capital Advisors LLC

by · The Cerbat Gem

Transcend Capital Advisors LLC increased its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 226.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,870 shares of the technology company’s stock after buying an additional 6,154 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Arista Networks were worth $907,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ANET. Nuveen LLC acquired a new stake in shares of Arista Networks in the first quarter valued at about $933,626,000. AQR Capital Management LLC boosted its holdings in Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after purchasing an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after purchasing an additional 4,656,021 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Arista Networks by 37.3% in the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after purchasing an additional 2,594,184 shares during the last quarter. Finally, Amundi boosted its holdings in Arista Networks by 35.3% in the first quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after purchasing an additional 2,240,045 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Up 0.1%

NYSE:ANET opened at $156.93 on Wednesday. The business’s 50 day moving average is $144.09 and its two-hundred day moving average is $115.37. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68. The company has a market cap of $197.24 billion, a PE ratio of 61.72, a P/E/G ratio of 3.26 and a beta of 1.47.

Arista Networks (NYSE:ANET – Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the business posted $0.53 EPS. Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ANET shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Needham & Company LLC increased their price target on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Citigroup increased their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Finally, Evercore ISI increased their price target on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.94.

Get Our Latest Analysis on Arista Networks

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the 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 sale, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,213,220 shares of company stock worth $722,406,000. 3.54% of the stock is currently owned by company insiders.

Arista Networks Profile

(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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