Arista Networks, Inc. $ANET Shares Sold by ABN AMRO Bank N.V.

Key Points

• ABN AMRO reduced its Arista Networks stake by 31.8% in the second quarter, selling 5,581 shares and retaining 11,974 shares valued at approximately $2.0 million. Institutional investors still own 82.47% of the company.
• Arista reported strong quarterly results, with EPS of $1.02 versus the $0.89 consensus and revenue of $3.04 billion, up 37.7% year over year. Shares opened at $202.05, near their 52-week high of $214.89.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $226.05 price target, while major shareholders Andreas Bechtolsheim and CEO Jayshree Ullal sold shares under pre-arranged Rule 10b5-1 plans.

ABN AMRO Bank N.V. trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 31.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,974 shares of the technology company's stock after selling 5,581 shares during the quarter. ABN AMRO Bank N.V.'s holdings in Arista Networks were worth $2,012,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Kelleher Financial Advisors acquired a new position in Arista Networks during the second quarter worth $31,000. Bellars Harris Wealth Management LLC acquired a new position in Arista Networks during the 2nd quarter worth about $5,584,000. Maridea Wealth Management LLC purchased a new position in Arista Networks during the 2nd quarter valued at about $242,000. WPG Advisers LLC grew its position in Arista Networks by 38.4% in the 2nd quarter. WPG Advisers LLC now owns 898 shares of the technology company's stock valued at $153,000 after acquiring an additional 249 shares in the last quarter. Finally, Ketron Financial purchased a new stake in Arista Networks during the second quarter worth about $230,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Shares of ANET stock opened at $202.05 on Tuesday. The firm has a market cap of $254.83 billion, a P/E ratio of 63.74, a PEG ratio of 2.06 and a beta of 1.60. The firm's 50-day simple moving average is $175.00 and its 200-day simple moving average is $155.18. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company restated an "overweight" rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. TD Cowen boosted their price target on shares of Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. UBS Group restated a "buy" rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Bank of America reaffirmed a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has an average rating of "Buy" and a consensus target price of $226.05.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,335,168 shares of company stock worth $798,637,629. Corporate insiders own 2.70% of the company's stock.

Arista Networks Profile

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.

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