Artisan Global Opportunities Fund Trimmed Arista Networks Inc (ANET) For Valuation Discipline

19 hours ago 2

Soumya Eswaran

Thu, Apr 3, 2025, 5:24 AM 3 min read

Artisan Partners, an concern absorption company, released its “Artisan Global Opportunities Fund” 4th fourth 2024 capitalist letter. A transcript of the missive tin beryllium downloaded here. US equities experienced important gains successful Q4, showcasing a beardown year. The portfolio showed flimsy weakness successful Q4 but posted a beardown implicit instrumentality successful 2024. In the 4th quarter, the fund’s Investor Class ARTRX returned -1.67%, Advisor Class APDRX posted a instrumentality of -1.65% and Institutional Class APHRX returned -1.62%, compared to a -0.99% instrumentality for the MSCI All Country World Index. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2024.

In its 4th fourth 2024 capitalist letter, Artisan Global Opportunities Fund emphasized stocks specified arsenic Arista Networks, Inc. (NYSE:ANET). Arista Networks, Inc. (NYSE:ANET) is simply a exertion institution that engages successful the improvement and organisation of data-driven, lawsuit to unreality networking solutions. The one-month instrumentality Arista Networks Inc (NYSE:ANET) was -4.96%, and its shares gained 11.04% of their worth implicit the past 52 weeks. On April 2, 2025, Arista Networks Inc (NYSE:ANET) banal closed astatine $80.16 per stock with a marketplace capitalization of $101.091 billion.

Artisan Global Opportunities Fund stated the pursuing regarding Arista Networks Inc (NYSE:ANET) successful its Q4 2024 capitalist letter:

"Along with NovoNordisk, a notable trim successful the 4th included Arista Networks Inc (NYSE:ANET). Arista Networks is the marketplace person successful unreality networking instrumentality utilized successful information centers. Shares person powerfully outperformed since the opening of 2023 arsenic its ethernet options seizure marketplace stock successful AI unreality environments. Many of the largest buyers successful this abstraction are focused connected utilizing Arista’s networking technology, fixed meaningful increases successful GPU utilization rates versus InfiniBand, the out-of-the-box solution from NVIDIA. We judge Arista remains exceptionally good positioned. However, we person been trimming the presumption owed to our valuation discipline."

Is Arista Networks Inc. (ANET) the Top Blue Chip AI Stock to Buy According to Billionaire Cliff Asness?

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Arista Networks Inc (NYSE:ANET) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 78 hedge money portfolios held Arista Networks Inc (NYSE:ANET) astatine the extremity of the 4th fourth which was 70 successful the erstwhile quarter. While we admit the imaginable of Arista Networks Inc (NYSE:ANET) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

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