AlTi Global Inc. Lowers Holdings in Arista Networks, Inc. $ANET

Key Points

• AlTi Global Inc. decreased its stake in Arista Networks Inc. by 39.5%, now owning 7,915 shares valued at approximately $613,000.
• Arista Networks reported earnings of $0.73 per share, exceeding expectations, with quarterly revenue rising **30.4% year-over-year** to $2.20 billion.
• Institutional investors hold **82.47%** of Arista Networks' stock, with notable increases in holdings from firms like Vanguard and Nuveen.

AlTi Global Inc. trimmed its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 39.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,915 shares of the technology company's stock after selling 5,165 shares during the period. AlTi Global Inc.'s holdings in Arista Networks were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi grew its position in Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company's stock valued at $611,852,000 after buying an additional 2,240,045 shares during the last quarter. Paragon Private Wealth Management LLC lifted its holdings in Arista Networks by 55.7% in the first quarter. Paragon Private Wealth Management LLC now owns 4,107 shares of the technology company's stock valued at $318,000 after acquiring an additional 1,470 shares during the period. Dark Forest Capital Management LP acquired a new stake in Arista Networks in the first quarter valued at $5,502,000. EP Wealth Advisors LLC lifted its holdings in Arista Networks by 3.1% in the first quarter. EP Wealth Advisors LLC now owns 57,590 shares of the technology company's stock valued at $4,462,000 after acquiring an additional 1,716 shares during the period. Finally, PDT Partners LLC lifted its holdings in Arista Networks by 344.0% in the first quarter. PDT Partners LLC now owns 76,810 shares of the technology company's stock valued at $5,951,000 after acquiring an additional 59,510 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 5,839,614 shares of company stock valued at $724,163,153. Insiders own 3.39% of the company's stock.

Wall Street Analyst Weigh In

ANET has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Arista Networks from $130.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. BNP Paribas Exane downgraded Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a report on Wednesday, June 11th. BNP Paribas downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. Rosenblatt Securities raised their target price on Arista Networks from $106.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Wolfe Research started coverage on Arista Networks in a report on Tuesday, July 8th. They issued an "outperform" rating for the company. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Arista Networks has an average rating of "Moderate Buy" and a consensus price target of $138.79.

Arista Networks Stock Performance

ANET stock traded up $1.66 during trading on Friday, hitting $142.83. The stock had a trading volume of 9,564,681 shares, compared to its average volume of 7,140,393. The company's 50 day moving average price is $122.49 and its two-hundred day moving average price is $98.53. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $145.46. The stock has a market cap of $179.52 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 3.36 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The firm's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

About Arista Networks

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.