Conning Inc. Sells 241 Shares of Arista Networks, Inc. $ANET

Conning Inc. trimmed its holdings in Arista Networks, Inc. (NYSE:ANET) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,584 shares of the technology company’s stock after selling 241 shares during the quarter. Conning Inc.’s holdings in Arista Networks were worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. HighMark Wealth Management LLC raised its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after buying an additional 230 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks in the first quarter worth $30,000. Saudi Central Bank purchased a new stake in Arista Networks during the first quarter valued at $33,000. REAP Financial Group LLC lifted its holdings in Arista Networks by 108.0% in the second 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 period. Finally, Tradewinds Capital Management LLC boosted its position in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the topic of several recent research reports. Wolfe Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Rosenblatt Securities boosted their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Finally, Needham & Company LLC upped their price target on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 6,678,904 shares of company stock worth $894,021,161 over the last ninety days. 3.39% of the stock is owned by insiders.

Arista Networks Stock Down 2.4%

ANET opened at $154.51 on Friday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68. The firm has a 50-day simple moving average of $140.85 and a two-hundred day simple moving average of $108.89. The company has a market capitalization of $194.19 billion, a PE ratio of 60.77, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the company earned $0.53 EPS. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side 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.