Cooper Financial Group Lowers Holdings in Arista Networks, Inc. $ANET

Cooper Financial Group lowered its position in shares of Arista Networks, Inc. (NYSE:ANET) by 19.6% in the second quarter, Holdings Channel reports. The institutional investor owned 20,659 shares of the technology company’s stock after selling 5,039 shares during the period. Cooper Financial Group’s holdings in Arista Networks were worth $2,114,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its holdings in Arista Networks by 8.8% during the second quarter. Truist Financial Corp now owns 658,251 shares of the technology company’s stock worth $67,346,000 after purchasing an additional 52,989 shares in the last quarter. Chicago Capital LLC increased its position in Arista Networks by 20.0% during the 2nd quarter. Chicago Capital LLC now owns 26,382 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 4,402 shares during the period. Robbins Farley raised its stake in shares of Arista Networks by 27.5% during the 2nd quarter. Robbins Farley now owns 46,635 shares of the technology company’s stock worth $4,771,000 after buying an additional 10,066 shares in the last quarter. XML Financial LLC lifted its holdings in shares of Arista Networks by 0.6% in the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock valued at $1,656,000 after buying an additional 100 shares during the period. Finally, Poinciana Advisors Group LLC boosted its stake in shares of Arista Networks by 15.1% in the second quarter. Poinciana Advisors Group LLC now owns 3,857 shares of the technology company’s stock valued at $395,000 after buying an additional 505 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Up 1.6%

Arista Networks stock opened at $145.73 on Wednesday. The stock has a market cap of $183.16 billion, a PE ratio of 57.32, a P/E/G ratio of 2.99 and a beta of 1.50. The stock has a 50-day moving average price of $135.58 and a 200 day moving average price of $105.22. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 6,670,904 shares of company stock worth $892,841,241. 3.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Melius Research increased their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased 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. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. KeyCorp lifted their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Wolfe Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.