Arista Networks, Inc. $ANET Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. reduced its holdings in Arista Networks, Inc. (NYSE:ANET) by 21.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365 shares of the technology company’s stock after selling 100 shares during the quarter. Ameriflex Group Inc.’s holdings in Arista Networks were worth $37,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC grew its holdings in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $30,000. Saudi Central Bank purchased a new position in Arista Networks in the 1st quarter worth about $33,000. Tradewinds Capital Management LLC raised its holdings in Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after buying an additional 143 shares during the period. Finally, Costello Asset Management INC lifted its stake in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Up 0.7%

Shares of NYSE:ANET opened at $145.51 on Monday. The firm has a market cap of $182.88 billion, a price-to-earnings ratio of 57.23, a P/E/G ratio of 3.03 and a beta of 1.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The business has a fifty day simple moving average of $137.53 and a 200 day simple moving average of $106.67.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANET. UBS Group lifted 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. Rosenblatt Securities lifted their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. Finally, KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Arista Networks has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction on Wednesday, September 10th. The shares were 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 owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock worth $894,021,161 over the last ninety days. 3.54% of the stock is currently owned by insiders.

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.