Reliant Investment Partners LLC Reduces Stock Position in Arista Networks, Inc. $ANET

Reliant Investment Partners LLC lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,643 shares of the technology company’s stock after selling 180 shares during the period. Reliant Investment Partners LLC’s holdings in Arista Networks were worth $475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. REAP Financial Group LLC lifted its holdings in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the period. Solstein Capital LLC increased its position in shares of Arista Networks by 493.8% during the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after purchasing an additional 316 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of Arista Networks in the 1st quarter worth approximately $30,000. Saudi Central Bank bought a new position in shares of Arista Networks in the 1st quarter worth approximately $33,000. Finally, Costello Asset Management INC boosted its holdings in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $1,852,324. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated 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 completion of the sale, the director directly owned 41,784 shares in the company, valued at $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,502,040 shares of company stock worth $757,696,915 in the last 90 days. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 2.0%

NYSE ANET opened at $156.91 on Tuesday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68. The stock has a market cap of $197.22 billion, a PE ratio of 61.72, a P/E/G ratio of 3.21 and a beta of 1.47. The stock’s 50 day moving average is $143.60 and its 200 day moving average is $114.78.

Arista Networks (NYSE:ANET) last released 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 firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ANET. Evercore ISI upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, September 12th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. 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. Melius Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Needham & Company LLC raised their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks 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.