AGF Management Ltd. Sells 12,722 Shares of Arista Networks, Inc. $ANET

AGF Management Ltd. decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 58.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,880 shares of the technology company’s stock after selling 12,722 shares during the quarter. AGF Management Ltd.’s holdings in Arista Networks were worth $909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of Arista Networks during the first quarter worth $33,000. REAP Financial Group LLC boosted its holdings in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares in the last quarter. Costello Asset Management INC lifted its stake in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. eCIO Inc. purchased a new stake in shares of Arista Networks in the first quarter worth approximately $36,000. Finally, Solstein Capital LLC grew its position in Arista Networks by 493.8% in the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

Shares of NYSE ANET opened at $134.88 on Wednesday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94. The firm has a 50-day moving average of $146.66 and a 200 day moving average of $120.95. The stock has a market cap of $169.85 billion, a P/E ratio of 53.05, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $2.40 earnings per share. The business’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Morgan Stanley set a $171.00 target price on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,009,040 shares of company stock worth $294,365,034. 3.39% of the stock is owned by insiders.

Arista Networks Company 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.