Arista Networks, Inc. $ANET Shares Sold by Nvwm LLC

Nvwm LLC decreased its stake in Arista Networks, Inc. (NYSE:ANET) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,832 shares of the technology company’s stock after selling 12,164 shares during the quarter. Nvwm LLC’s holdings in Arista Networks were worth $3,052,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Walkner Condon Financial Advisors LLC boosted its position in Arista Networks by 0.7% during the second quarter. Walkner Condon Financial Advisors LLC now owns 18,439 shares of the technology company’s stock worth $1,887,000 after acquiring an additional 126 shares during the last quarter. Sustainable Insight Capital Management LLC grew its position in shares of Arista Networks by 54.9% in the second quarter. Sustainable Insight Capital Management LLC now owns 5,402 shares of the technology company’s stock valued at $553,000 after purchasing an additional 1,914 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in shares of Arista Networks by 32.3% in the second quarter. Malaga Cove Capital LLC now owns 12,015 shares of the technology company’s stock valued at $1,229,000 after purchasing an additional 2,931 shares during the last quarter. Modera Wealth Management LLC boosted its stake in Arista Networks by 2.1% during the second quarter. Modera Wealth Management LLC now owns 7,273 shares of the technology company’s stock worth $744,000 after buying an additional 153 shares during the last quarter. Finally, Twin Capital Management Inc. increased its stake in shares of Arista Networks by 4.1% in the 2nd quarter. Twin Capital Management Inc. now owns 43,134 shares of the technology company’s stock worth $4,413,000 after acquiring an additional 1,700 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,009,040 shares of company stock valued at $294,365,034 over the last ninety days. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Trading Down 4.6%

Shares of ANET opened at $133.99 on Friday. The firm has a market capitalization of $168.41 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.37 and a beta of 1.48. The firm’s fifty day simple moving average is $146.69 and its 200-day simple moving average is $118.95. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Barclays restated an “overweight” rating and set a $183.00 price target (up previously from $179.00) on shares of Arista Networks in a report on Wednesday. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Piper Sandler reiterated a “neutral” rating and issued a $145.00 price objective (up from $143.00) on shares of Arista Networks in a research report on Wednesday. Finally, KeyCorp raised their target price on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and an average target price of $164.31.

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.