Arista Networks, Inc. $ANET Shares Acquired by Bellecapital International Ltd.

Key Points

• Bellecapital International Ltd. increased its holdings in Arista Networks by 7.6%, owning 225,711 shares valued at approximately $23.1 million, making it the firm's 8th largest position.
• Insiders sold a total of 6.62 million shares of Arista Networks in the last quarter, with significant sales by Director Charles H. Giancarlo and insider Kenneth Duda resulting in drastic reductions of their ownership.
• Analysts have a positive outlook on Arista Networks, with the consensus rating being a "Moderate Buy" and a raised average price target of $163.94 following upgrades from multiple brokerages.

Bellecapital International Ltd. boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,711 shares of the technology company's stock after purchasing an additional 15,946 shares during the period. Arista Networks comprises approximately 4.1% of Bellecapital International Ltd.'s holdings, making the stock its 8th largest position. Bellecapital International Ltd.'s holdings in Arista Networks were worth $23,092,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ANET. HighMark Wealth Management LLC increased its holdings 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 buying an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks during the 1st quarter worth approximately $33,000. REAP Financial Group LLC increased its stake in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total value of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares of the company's stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company's stock, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,622,904 shares of company stock valued at $887,794,521 in the last quarter. Insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ANET. UBS Group raised their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. BNP Paribas raised shares of Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. Barclays lifted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Arista Networks has an average rating of "Moderate Buy" and an average price target of $163.94.

Arista Networks Price Performance

Shares of ANET stock opened at $143.46 on Thursday. The company's fifty day moving average price is $141.90 and its two-hundred day moving average price is $110.02. The firm has a market capitalization of $180.31 billion, a P/E ratio of 56.43, a P/E/G ratio of 2.89 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last released 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. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current 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.

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