Northwestern Mutual Wealth Management Co. Sells 18,120 Shares of Arista Networks, Inc. $ANET

Northwestern Mutual Wealth Management Co. cut its position in Arista Networks, Inc. (NYSE:ANET) by 3.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 523,121 shares of the technology company’s stock after selling 18,120 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Arista Networks were worth $88,868,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ANET. Cura Wealth Advisors LLC boosted its stake in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares in the last quarter. Madison Wealth Partners Inc increased its stake in shares of Arista Networks by 2.8% in the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after buying an additional 60 shares in the last quarter. Intrua Financial LLC increased its stake in shares of Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after buying an additional 61 shares in the last quarter. Shepherd Financial Partners LLC raised its holdings in shares of Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after buying an additional 66 shares during the last quarter. Finally, NBT Bank N A NY raised its holdings in shares of Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $185.42, for a total value of $3,213,884.86. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,406,009.92. The trade was a 57.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $187.34, for a total transaction of $79,057.48. Following the sale, the director directly owned 10,194 shares of the company’s stock, valued at approximately $1,909,743.96. This trade represents a 3.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 4,242,082 shares of company stock valued at $800,487,376. Company insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 3.5%

Shares of ANET opened at $188.89 on Wednesday. The company has a market capitalization of $238.23 billion, a PE ratio of 59.59, a PEG ratio of 2.64 and a beta of 1.62. The stock’s 50-day moving average price is $181.23 and its two-hundred day moving average price is $159.22. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm earned $0.73 earnings per share. Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Bank of America reaffirmed a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial upped their target price on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities upped their target price on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $225.76.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.