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

Fire Capital Management LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 3.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,166 shares of the technology company’s stock after selling 455 shares during the quarter. Fire Capital Management LLC’s holdings in Arista Networks were worth $1,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank purchased a new stake in shares of Arista Networks in the first quarter valued at about $33,000. REAP Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 175 shares in the last quarter. Costello Asset Management INC lifted 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 valued at $35,000 after purchasing an additional 154 shares in the last quarter. Finally, eCIO Inc. purchased a new stake in shares of Arista Networks in the first quarter valued at about $36,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayshree Ullal sold 1,785,165 shares of the company’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 transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,213,220 shares of company stock valued at $722,406,000. Insiders own 3.54% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $156.93 on Wednesday. The company has a market capitalization of $197.24 billion, a price-to-earnings ratio of 61.72, a PEG ratio of 3.26 and a beta of 1.47. The company’s 50 day simple moving average is $144.09 and its 200 day simple moving average is $115.37. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68.

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. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Melius Research upped their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 12th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Piper Sandler upped their price target on shares of Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wolfe Research upped their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group upped their price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $163.94.

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.