Arista Networks, Inc. $ANET Shares Sold by HMS Capital Management LLC

HMS Capital Management LLC decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 25.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,195 shares of the technology company’s stock after selling 1,077 shares during the quarter. HMS Capital Management LLC’s holdings in Arista Networks were worth $248,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. DSG Capital Advisors LLC bought a new stake in Arista Networks in the fourth quarter valued at about $5,984,000. Ibex Wealth Advisors increased its holdings in Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock valued at $4,501,000 after buying an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Arista Networks in the first quarter valued at about $629,000. Commonwealth Equity Services LLC increased its holdings in Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after buying an additional 101,162 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Arista Networks in the first quarter valued at about $15,227,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ANET shares. Morgan Stanley boosted their price objective on Arista Networks from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Citigroup boosted their price objective on Arista Networks from $123.00 to $136.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. KeyCorp boosted their price objective on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Wolfe Research began coverage on Arista Networks in a report on Tuesday, July 8th. They set an “outperform” rating for the company. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and an average price target of $138.07.

Arista Networks Trading Down 4.1%

NYSE:ANET opened at $132.4360 on Wednesday. The firm has a market capitalization of $166.45 billion, a PE ratio of 52.09, a price-to-earnings-growth ratio of 3.24 and a beta of 1.37. The stock has a 50 day moving average of $111.58 and a 200-day moving average of $96.41. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $141.99.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 5,767,574 shares of company stock worth $714,032,242 in the last three months. Insiders own 3.54% of the company’s stock.

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.