Arista Networks, Inc. $ANET Position Cut by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,887 shares of the technology company's stock after selling 3,252 shares during the period. Wilmington Savings Fund Society FSB's holdings in Arista Networks were worth $1,318,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Arista Networks in the first quarter valued at approximately $933,626,000. AQR Capital Management LLC grew its holdings in Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after buying an additional 4,678,372 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after buying an additional 2,594,184 shares in the last quarter. Amundi raised its stake in Arista Networks by 35.3% during the 1st quarter. Amundi now owns 8,582,109 shares of the technology company's stock valued at $611,852,000 after acquiring an additional 2,240,045 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Arista Networks by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANET shares. Zacks Research lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. BNP Paribas Exane upgraded shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 target price for the company in a research report on Thursday, September 25th. Wells Fargo & Company boosted their price target 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. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Finally, UBS Group raised their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.94.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer directly owned 5,698,074 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 6,622,904 shares of company stock valued at $887,794,521. Insiders own 3.39% of the company's stock.

Arista Networks Price Performance

NYSE ANET opened at $143.46 on Thursday. The company's 50 day simple moving average is $141.90 and its 200 day simple moving average is $110.02. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68. The company has a market capitalization of $180.31 billion, a P/E ratio of 56.43, a PEG ratio of 2.89 and a beta of 1.47.

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 analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current 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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