Groupama Asset Managment Sells 11,365 Shares of Arista Networks, Inc. $ANET

Groupama Asset Managment lessened its holdings in Arista Networks, Inc. (NYSE:ANET) by 17.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 52,719 shares of the technology company’s stock after selling 11,365 shares during the period. Groupama Asset Managment’s holdings in Arista Networks were worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Saudi Central Bank acquired a new stake in shares of Arista Networks during the 1st quarter valued at about $33,000. REAP Financial Group LLC boosted its holdings in Arista Networks by 108.0% during 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 boosted its holdings in Arista Networks by 51.3% during 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. eCIO Inc. bought a new stake in shares of Arista Networks in the 1st quarter valued at approximately $36,000. Finally, Solstein Capital LLC raised its holdings in shares of Arista Networks by 493.8% in the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Up 2.8%

Shares of NYSE ANET opened at $131.25 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94. The firm’s 50-day simple moving average is $142.06 and its 200 day simple moving average is $124.06. The company has a market cap of $165.28 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Wolfe Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Erste Group Bank downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Wells Fargo & Company boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.31.

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,668,843.36. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,009,464 shares of company stock worth $293,774,712. Insiders own 3.39% of the company’s stock.

Arista Networks Company 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.