Advisors Asset Management Inc. Sells 2,479 Shares of Arista Networks, Inc. $ANET

Advisors Asset Management Inc. decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,458 shares of the technology company’s stock after selling 2,479 shares during the period. Advisors Asset Management Inc.’s holdings in Arista Networks were worth $9,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC lifted its position in Arista Networks by 10,204.4% during the second quarter. Laurel Wealth Advisors LLC now owns 344,990 shares of the technology company’s stock valued at $35,296,000 after purchasing an additional 341,642 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Arista Networks by 128.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,628 shares of the technology company’s stock worth $269,000 after buying an additional 1,480 shares during the period. Atalanta Sosnoff Capital LLC bought a new position in shares of Arista Networks in the second quarter worth about $579,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of Arista Networks during the 2nd quarter valued at about $310,000. Finally, Summit Global Investments grew its stake in shares of Arista Networks by 474.9% during the 2nd quarter. Summit Global Investments now owns 132,446 shares of the technology company’s stock valued at $13,551,000 after acquiring an additional 109,409 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ANET. William Blair restated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. Wolfe Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Needham & Company LLC upped their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, UBS Group raised their price target on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Price Performance

NYSE ANET opened at $125.08 on Wednesday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94. The business has a 50 day simple moving average of $143.09 and a two-hundred day simple moving average of $123.73. The stock has a market capitalization of $157.51 billion, a PE ratio of 49.20, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company 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, analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction on Wednesday, September 10th. The stock was 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 of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,985,422 shares of company stock worth $290,780,281 over the last 90 days. 3.39% of the stock is owned by insiders.

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.