AXQ Capital LP Has $373,000 Stock Position in Arista Networks, Inc. $ANET

AXQ Capital LP cut its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 78.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,642 shares of the technology company’s stock after selling 13,554 shares during the period. AXQ Capital LP’s holdings in Arista Networks were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $202,000. Bison Wealth LLC bought a new stake in shares of Arista Networks in the fourth quarter valued at about $251,000. AE Wealth Management LLC grew its stake in shares of Arista Networks by 67.0% in the first quarter. AE Wealth Management LLC now owns 26,035 shares of the technology company’s stock valued at $2,017,000 after acquiring an additional 10,444 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of Arista Networks by 13.5% in the first quarter. Avantax Advisory Services Inc. now owns 63,045 shares of the technology company’s stock valued at $4,885,000 after acquiring an additional 7,488 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on 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 transaction, the director directly owned 33,784 shares in the company, valued at approximately $5,308,142.08. This represents a 19.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the sale, the insider owned 12,976 shares in the company, valued at $1,668,843.36. This represents a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,985,000 shares of company stock worth $290,730,843 over the last quarter. Corporate insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ANET shares. Citigroup lifted their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, November 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $140.00 price target on shares of Arista Networks in a research note on Wednesday, November 5th. Barclays restated an “overweight” rating and set a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $145.00 target price (up from $143.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Stock Down 1.8%

Arista Networks stock opened at $117.40 on Monday. The stock has a market cap of $147.84 billion, a PE ratio of 46.18, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The business’s 50-day moving average price is $143.90 and its two-hundred day moving average price is $123.21.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. As a group, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks 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.