Arista Networks, Inc. $ANET Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its stake in Arista Networks, Inc. (NYSE:ANET) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,106 shares of the technology company’s stock after selling 915 shares during the period. Hartford Investment Management Co.’s holdings in Arista Networks were worth $6,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ANET. Dakota Wealth Management raised its position in Arista Networks by 172.0% during the 2nd quarter. Dakota Wealth Management now owns 51,483 shares of the technology company’s stock worth $5,267,000 after buying an additional 32,556 shares during the last quarter. Retirement Guys Formula LLC lifted its stake in Arista Networks by 4.7% during the 2nd quarter. Retirement Guys Formula LLC now owns 18,362 shares of the technology company’s stock valued at $1,879,000 after acquiring an additional 827 shares during the period. McAdam LLC lifted its stake in Arista Networks by 2.6% during the 2nd quarter. McAdam LLC now owns 4,594 shares of the technology company’s stock valued at $470,000 after acquiring an additional 116 shares during the period. Harrell Investment Partners LLC lifted its stake in Arista Networks by 117.1% during the 2nd quarter. Harrell Investment Partners LLC now owns 28,760 shares of the technology company’s stock valued at $2,942,000 after acquiring an additional 15,512 shares during the period. Finally, Carr Financial Group Corp acquired a new stake in Arista Networks during the 2nd quarter valued at approximately $623,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’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 directly owned 12,976 shares of the company’s stock, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,520,816 shares of company stock valued at $979,873,167. 3.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ANET has been the subject of several research reports. Needham & Company LLC lifted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. William Blair restated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wolfe Research lifted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. lifted their target price 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. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $143.02 on Friday. The firm has a market cap of $179.76 billion, a PE ratio of 56.25, a PEG ratio of 2.97 and a beta of 1.50. The firm has a fifty day moving average of $133.62 and a 200 day moving average of $103.74. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company 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 firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 fiscal year.

Arista Networks Company 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.