Arista Networks, Inc. $ANET Shares Sold by Bell Asset Management Ltd

Bell Asset Management Ltd cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 33.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,598 shares of the technology company’s stock after selling 28,161 shares during the quarter. Arista Networks makes up approximately 1.3% of Bell Asset Management Ltd’s holdings, making the stock its 25th largest holding. Bell Asset Management Ltd’s holdings in Arista Networks were worth $5,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ANET. Saudi Central Bank bought a new stake in shares of Arista Networks in the first quarter worth $33,000. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the last quarter. Costello Asset Management INC grew its holdings in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after acquiring an additional 154 shares in the last quarter. eCIO Inc. bought a new stake in shares of Arista Networks in the 1st quarter worth about $36,000. Finally, Solstein Capital LLC raised its stake 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 valued at $39,000 after purchasing an additional 316 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arista Networks

In other Arista Networks news, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $117.15, for a total value of $49,437.30. Following the sale, the director owned 8,980 shares in the company, valued at approximately $1,052,007. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $157.12, for a total value of $1,256,960.00. Following the sale, the director directly owned 33,784 shares in the company, valued at approximately $5,308,142.08. This trade represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,985,422 shares of company stock worth $290,780,281 in the last ninety days. 3.39% of the stock is owned by insiders.

Arista Networks Price Performance

NYSE:ANET opened at $127.95 on Thursday. The firm has a market capitalization of $161.12 billion, a P/E ratio of 50.32, a P/E/G ratio of 3.37 and a beta of 1.48. The business has a 50 day simple moving average of $142.80 and a 200 day simple moving average of $123.76. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Wells Fargo & Company increased their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Finally, Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the stock an “overweight” rating in a report on Friday, October 10th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.