Arista Networks, Inc. $ANET Shares Sold by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. reduced its position in Arista Networks, Inc. (NYSE:ANET) by 22.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,306 shares of the technology company’s stock after selling 2,164 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Arista Networks were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANET. Altman Advisors Inc. lifted its holdings in Arista Networks by 1.5% during the 2nd quarter. Altman Advisors Inc. now owns 23,822 shares of the technology company’s stock worth $2,356,000 after buying an additional 341 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Arista Networks by 2.7% during the second quarter. Fidelis Capital Partners LLC now owns 11,206 shares of the technology company’s stock worth $1,146,000 after purchasing an additional 299 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Arista Networks by 10.4% in the 2nd quarter. ProShare Advisors LLC now owns 236,197 shares of the technology company’s stock worth $24,165,000 after acquiring an additional 22,260 shares during the period. Summit X LLC acquired a new position in Arista Networks during the second quarter worth $210,000. Finally, PFG Advisors increased its holdings in shares of Arista Networks by 2.9% in the 2nd quarter. PFG Advisors now owns 5,210 shares of the technology company’s stock valued at $533,000 after purchasing an additional 149 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ANET shares. Melius Research lifted their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Rosenblatt Securities reissued a “neutral” rating and set a $140.00 price target on shares of Arista Networks in a research note on Wednesday, November 5th. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a research report on Thursday, September 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of the firm’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 value of $8,608,360.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,009,040 shares of company stock worth $294,365,034 in the last three months. 3.39% of the stock is owned by insiders.

Arista Networks Stock Up 0.4%

NYSE:ANET opened at $134.62 on Monday. The company has a market cap of $169.52 billion, a PE ratio of 52.95, a P/E/G ratio of 3.37 and a beta of 1.48. The business’s 50 day moving average is $146.66 and its two-hundred day moving average is $120.11. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94.

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

Arista Networks 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.