Arista Networks, Inc. $ANET Shares Sold by Golden State Equity Partners

Golden State Equity Partners trimmed its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,594 shares of the technology company’s stock after selling 255 shares during the period. Golden State Equity Partners’ holdings in Arista Networks were worth $265,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. HighMark Wealth Management LLC raised its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Arista Networks during the 1st quarter worth approximately $30,000. Ameriflex Group Inc. acquired a new position in shares of Arista Networks during the 4th quarter worth approximately $46,000. Saudi Central Bank acquired a new position in shares of Arista Networks during the 1st quarter worth approximately $33,000. Finally, Costello Asset Management INC raised its position in shares of Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after purchasing an additional 154 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Down 1.1%

Shares of NYSE ANET opened at $143.82 on Wednesday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The firm has a fifty day moving average of $132.32 and a 200-day moving average of $103.02. The stock has a market capitalization of $180.76 billion, a PE ratio of 56.57, a P/E/G ratio of 3.03 and a beta of 1.50.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company earned $0.53 EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,640,614 shares of company stock valued at $992,096,077 in the last ninety days. Company insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Needham & Company LLC lifted their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. The Goldman Sachs Group boosted their price target on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wedbush began coverage on Arista Networks in a report on Wednesday, May 28th. They issued an “outperform” rating for the company. Finally, Citigroup boosted their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.88.

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.