1,424,442 Arista Networks, Inc. $ANET Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 30.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,234,437 shares of the technology company’s stock after selling 1,424,442 shares during the period. Arista Networks comprises 0.6% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 29th biggest position. Pictet Asset Management Holding SA owned approximately 0.26% of Arista Networks worth $658,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ANET. State Street Corp boosted its position in Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after acquiring an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares during the last quarter. Deutsche Bank AG boosted its stake in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after acquiring an additional 388,354 shares in the last quarter. Finally, Amundi grew its holdings in Arista Networks by 5.7% in the first quarter. Amundi now owns 9,064,443 shares of the technology company’s stock worth $1,112,932,000 after purchasing an additional 491,173 shares during the period. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $245.00 price target (down from $255.00) on shares of Arista Networks in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $230.00 price target (up from $220.00) on shares of Arista Networks in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Arista Networks in a research report on Wednesday. UBS Group restated a “buy” rating and issued a $291.00 price objective (up from $259.00) on shares of Arista Networks in a research report on Wednesday. Finally, Jefferies Financial Group set a $250.00 target price on Arista Networks in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Buy” and an average target price of $240.24.

Arista Networks Trading Up 7.2%

ANET stock opened at $170.70 on Friday. The company has a 50-day moving average price of $192.59 and a 200 day moving average price of $165.70. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The stock has a market cap of $215.66 billion, a PE ratio of 45.89, a P/E/G ratio of 1.71 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company earned $0.75 EPS. Arista Networks’s quarterly revenue was up 58.5% compared to the same quarter last year. Sell-side analysts forecast that Arista Networks, Inc. will post 3.85 EPS for the current year.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $185.42, for a total value of $4,820,920.00. Following the completion of the sale, the insider owned 452,400 shares of the company’s stock, valued at approximately $83,884,008. This represents a 5.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jayshree Ullal sold 573,509 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $5,203,250. This trade represents a 95.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,380,998 shares of company stock valued at $482,687,801 over the last quarter. 2.70% of the stock is owned by corporate insiders.

More Arista Networks News

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista reported third-quarter revenue of $3.66 billion, up 58.5% year over year and above estimates, while EPS of $1.20 also beat expectations. The company raised its outlook, citing demand for AI data-center networking, Ethernet adoption, and growth across hyperscale and enterprise customers. Read More.
• Positive Sentiment: Analyst support offers another tailwind: Melius Research initiated coverage with a “strong-buy” rating, while other recent reports cited buy ratings and bullish price targets. Read More.
• Neutral Sentiment: The recent selloff has left investors debating whether the pullback creates a buying opportunity. ANET has declined substantially over the past month despite its strong results, leaving sentiment divided. Read More.
• Negative Sentiment: Valuation and customer concentration remain risks: Arista’s premium forward earnings multiple leaves less room for disappointment, while reliance on a limited number of large customers could make growth more vulnerable to spending changes. Read More.
• Negative Sentiment: Shares have also faced pressure from a broader AI-infrastructure stock selloff and reported insider sales. Those sales included transactions under pre-arranged trading plans, but can still add to near-term investor caution. Read More.

Arista Networks Company Profile

Arista Networks, Inc develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks.

The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

Founded in 2004 and headquartered in Santa Clara, California, Arista serves customers worldwide.