Capital Investment Advisors LLC Purchases 2,023 Shares of Arista Networks, Inc. $ANET

Capital Investment Advisors LLC lifted its position in Arista Networks, Inc. (NYSE:ANET) by 41.8% in the 2nd quarter, Holdings Channel reports. The fund owned 6,868 shares of the technology company’s stock after acquiring an additional 2,023 shares during the quarter. Capital Investment Advisors LLC’s holdings in Arista Networks were worth $703,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after acquiring an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. increased its position in Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after buying an additional 1,889,198 shares in the last quarter. Nuveen LLC bought a new position in Arista Networks during the 1st quarter valued at approximately $933,626,000. Northern Trust Corp increased its position in Arista Networks by 3.7% during the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock valued at $799,244,000 after buying an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after buying an additional 2,594,184 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Rosenblatt Securities raised their price objective on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, September 12th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group raised their price objective on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Morgan Stanley raised their price objective on Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, Evercore ISI raised their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.00.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 6,670,904 shares of company stock valued at $892,841,241. Company insiders own 3.39% of the company’s stock.

Arista Networks Trading Down 3.2%

Arista Networks stock opened at $144.55 on Friday. The firm has a market cap of $181.68 billion, a price-to-earnings ratio of 56.85, a PEG ratio of 3.11 and a beta of 1.47. The stock has a fifty day simple moving average of $136.91 and a two-hundred day simple moving average of $105.93. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32.

Arista Networks (NYSE:ANET) last posted 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. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 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 30.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

About Arista Networks

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.