Archford Capital Strategies LLC Trims Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Archford Capital Strategies LLC reduced its stake in Arista Networks by 27.5% in the second quarter, selling 10,193 shares and leaving it with a holding worth approximately $2.75 million.
• A recent report from analysts revealed a consensus rating of "Moderate Buy" for Arista Networks, with target prices raised by firms like Citigroup and Wells Fargo, indicating strong bullish sentiment among eighteen analysts.
• Insider transactions showed significant sales from CEO Jayshree Ullal, who sold over 1.24 million shares, resulting in an 18.82% decrease in her ownership, which raised concerns about insider confidence.

Archford Capital Strategies LLC reduced its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 27.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,872 shares of the technology company's stock after selling 10,193 shares during the quarter. Archford Capital Strategies LLC's holdings in Arista Networks were worth $2,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ANET. HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks in the first quarter valued at $30,000. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at $33,000. Costello Asset Management INC increased its stake in Arista Networks by 51.3% in the first 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. Finally, Tradewinds Capital Management LLC increased its stake in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after purchasing an additional 143 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ANET shares. William Blair reiterated an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Citigroup upped their target price on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Needham & Company LLC upped their target price on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Wells Fargo & Company upped their target price on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Finally, KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total value of $8,608,360.00. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock valued at $893,636,121 over the last quarter. Company insiders own 3.54% of the company's stock.

Arista Networks Price Performance

Shares of NYSE ANET opened at $142.53 on Monday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The business has a 50-day moving average of $134.23 and a 200-day moving average of $104.52. The company has a market capitalization of $179.14 billion, a price-to-earnings ratio of 56.06, a PEG ratio of 2.97 and a beta of 1.49.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.

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