Keybank National Association OH Sells 2,024 Shares of Arista Networks, Inc. $ANET

Keybank National Association OH lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,784 shares of the technology company’s stock after selling 2,024 shares during the quarter. Keybank National Association OH’s holdings in Arista Networks were worth $14,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ANET. HBK Sorce Advisory LLC boosted its position in shares of Arista Networks by 1.3% in the second quarter. HBK Sorce Advisory LLC now owns 23,354 shares of the technology company’s stock valued at $2,389,000 after acquiring an additional 308 shares during the period. Premier Path Wealth Partners LLC boosted its position in shares of Arista Networks by 3.2% in the second quarter. Premier Path Wealth Partners LLC now owns 8,890 shares of the technology company’s stock valued at $910,000 after acquiring an additional 277 shares during the period. Arkadios Wealth Advisors boosted its holdings in Arista Networks by 14.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 109,122 shares of the technology company’s stock valued at $11,164,000 after purchasing an additional 13,847 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Arista Networks in the 2nd quarter valued at $125,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in Arista Networks by 11.0% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 6,553 shares of the technology company’s stock valued at $670,000 after purchasing an additional 648 shares during the period. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the completion of the sale, the director owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated 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 directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,325,040 shares of company stock valued at $611,632,257 over the last three months. Insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

NYSE:ANET opened at $158.51 on Friday. The company has a market capitalization of $199.23 billion, a price-to-earnings ratio of 62.35, a PEG ratio of 3.37 and a beta of 1.47. 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 moving average of $145.24 and a 200 day moving average of $116.30.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wolfe Research lifted their price objective on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. KeyCorp lifted their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $171.00 price target on Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $163.94.

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.