Arista Networks, Inc. $ANET Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 25.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,568 shares of the technology company’s stock after selling 117,488 shares during the quarter. Vontobel Holding Ltd.’s holdings in Arista Networks were worth $35,150,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC lifted its position 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 buying an additional 175 shares during the last quarter. HighMark Wealth Management LLC raised its stake in shares of Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks in the 1st quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the 1st quarter valued at approximately $33,000. Finally, Costello Asset Management INC increased its holdings in Arista Networks by 51.3% in the 1st 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 during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Trading Up 8.3%

Shares of ANET opened at $157.37 on Thursday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $158.51. The firm’s fifty day simple moving average is $139.41 and its 200-day simple moving average is $107.74. The firm has a market capitalization of $197.79 billion, a price-to-earnings ratio of 61.90, a PEG ratio of 3.03 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business’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 completion of the sale, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 6,678,904 shares of company stock worth $894,021,161. Corporate insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ANET. Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a research report on Saturday, September 27th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Needham & Company LLC boosted their price target on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. UBS Group boosted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.00.

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.