Avalon Trust Co Sells 12,240 Shares of Arista Networks, Inc. $ANET

Avalon Trust Co lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,086 shares of the technology company’s stock after selling 12,240 shares during the quarter. Avalon Trust Co’s holdings in Arista Networks were worth $9,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Saudi Central Bank bought a new position in shares of Arista Networks in the 1st quarter valued at about $33,000. REAP Financial Group LLC raised its position in Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares during the period. Costello Asset Management INC lifted its stake in shares of Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the last quarter. eCIO Inc. bought a new stake in shares of Arista Networks in the 1st quarter valued at approximately $36,000. Finally, Solstein Capital LLC boosted its holdings in shares of 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 during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction 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. The trade was a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,009,040 shares of company stock worth $294,365,034 in the last three months. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $134.91 on Thursday. The firm’s 50 day simple moving average is $146.61 and its 200-day simple moving average is $121.05. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The firm has a market cap of $169.88 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced 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. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. Equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ANET. The Goldman Sachs Group increased their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Needham & Company LLC boosted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Barclays reissued an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. KeyCorp raised their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.31.

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.