Arvest Bank Trust Division Sells 1,769 Shares of Arista Networks, Inc. $ANET

Arvest Bank Trust Division trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET) by 34.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,411 shares of the technology company’s stock after selling 1,769 shares during the quarter. Arvest Bank Trust Division’s holdings in Arista Networks were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after purchasing an additional 101,162 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Arista Networks during the first quarter valued at $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Arista Networks by 94.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after purchasing an additional 316,309 shares during the last quarter. Trilogy Capital Inc. increased its stake in Arista Networks by 13.7% in the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock worth $1,985,000 after buying an additional 3,079 shares during the period. Finally, Soltis Investment Advisors LLC lifted its holdings in Arista Networks by 99.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 40,428 shares of the technology company’s stock valued at $4,136,000 after buying an additional 20,141 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 26,000 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $3,711,500.00. Following the completion of the sale, the insider directly owned 552,400 shares in the company, valued at approximately $78,855,100. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the completion of the sale, the director directly owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,009,040 shares of company stock valued at $294,365,034 in the last quarter. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $131.13 on Friday. The company has a market capitalization of $165.13 billion, a PE ratio of 51.57, a P/E/G ratio of 3.37 and a beta of 1.48. The company has a 50-day simple moving average of $146.16 and a two-hundred day simple moving average of $121.48. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Piper Sandler reiterated a “neutral” rating and issued a $145.00 target price (up from $143.00) on shares of Arista Networks in a report on Wednesday, November 5th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $164.31.

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.