Arista Networks, Inc. $ANET Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. decreased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 842,800 shares of the technology company's stock after selling 73,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of Arista Networks worth $65,300,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. DSG Capital Advisors LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at $5,984,000. Ibex Wealth Advisors lifted its holdings in shares of Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after purchasing an additional 7,329 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Arista Networks during the first quarter valued at $629,000. Commonwealth Equity Services LLC lifted its holdings in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after purchasing an additional 101,162 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Arista Networks during the first quarter valued at $15,227,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ANET shares. BNP Paribas Exane downgraded Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price objective for the company. in a research note on Wednesday, June 11th. KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Evercore ISI set a $150.00 price objective on Arista Networks and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. UBS Group raised their price target on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup raised their price target on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.07.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 24,040 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $132.77, for a total value of $3,191,790.80. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company's stock, valued at $1,316,680.09. The trade was a 70.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the transaction, the director owned 57,784 shares of the company's stock, valued at $6,761,305.84. This trade represents a 12.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,839,614 shares of company stock valued at $724,163,153. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Stock Down 0.6%

ANET stock opened at $135.73 on Wednesday. The business has a fifty day moving average of $120.01 and a 200-day moving average of $97.84. The company has a market cap of $170.60 billion, a P/E ratio of 53.39, a PEG ratio of 3.21 and a beta of 1.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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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