Triasima Portfolio Management inc. Has $783,000 Stake in Arista Networks, Inc. $ANET

Triasima Portfolio Management inc. decreased its position in Arista Networks, Inc. (NYSE:ANET) by 85.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,650 shares of the technology company’s stock after selling 45,502 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Arista Networks were worth $783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its stake in shares of Arista Networks by 1.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock valued at $618,000 after purchasing an additional 95 shares during the period. 1900 Wealth Management LLC increased its position in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after acquiring an additional 98 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after acquiring an additional 100 shares during the last quarter. XML Financial LLC increased its position in shares of Arista Networks by 0.6% in the second quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock valued at $1,656,000 after acquiring an additional 100 shares during the last quarter. Finally, CX Institutional increased its position in shares of Arista Networks by 1.4% in the second quarter. CX Institutional now owns 7,703 shares of the technology company’s stock valued at $788,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Down 2.9%

Shares of NYSE ANET opened at $145.12 on Wednesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The company has a market cap of $182.40 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 3.12 and a beta of 1.47. The business’s 50 day moving average price is $138.70 and its two-hundred day moving average price is $107.40.

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 analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ANET. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Melius Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wells Fargo & Company lifted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last quarter. Company insiders own 3.54% of the company’s stock.

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.