Whipplewood Advisors LLC Sells 40,794 Shares of Arista Networks, Inc. $ANET

Whipplewood Advisors LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 98.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 818 shares of the technology company’s stock after selling 40,794 shares during the period. Whipplewood Advisors LLC’s holdings in Arista Networks were worth $84,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Interchange Capital Partners LLC lifted its holdings in shares of Arista Networks by 5.0% during the 2nd quarter. Interchange Capital Partners LLC now owns 11,746 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 558 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Arista Networks by 88.2% during the 2nd quarter. Brighton Jones LLC now owns 36,909 shares of the technology company’s stock worth $3,776,000 after acquiring an additional 17,299 shares during the last quarter. MQS Management LLC lifted its holdings in shares of Arista Networks by 11.0% during the 2nd quarter. MQS Management LLC now owns 2,990 shares of the technology company’s stock worth $306,000 after acquiring an additional 296 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Arista Networks by 21.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 81,320 shares of the technology company’s stock worth $8,320,000 after acquiring an additional 14,128 shares during the last quarter. Finally, Leavell Investment Management Inc. bought a new stake in shares of Arista Networks during the 2nd quarter worth $387,000. 82.47% of the stock is owned by institutional investors.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business’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. The disclosure for this sale can be found here. Insiders sold 6,090,040 shares of company stock worth $827,757,115 in the last 90 days. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Trading Up 1.0%

ANET stock opened at $154.32 on Monday. The firm’s 50-day moving average price is $143.22 and its two-hundred day moving average price is $114.22. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The stock has a market capitalization of $193.96 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 3.21 and a beta of 1.47.

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 analysts’ consensus estimates 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 in the previous year, the company earned $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. Equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ANET shares. The Goldman Sachs Group lifted their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, William Blair reiterated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.94.

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.