Banque Transatlantique SA Lowers Position in Arista Networks, Inc. $ANET

Key Points

• Banque Transatlantique SA reduced its stake in Arista Networks by 33.5% during the first quarter, owning approximately 0.9% of the company's shares worth around $49.2 million after selling 347,063 shares.
• Several institutional investors, including Vanguard Group and Cresset Asset Management, have increased their holdings in Arista Networks, with Vanguard owning 97.8 million shares valued at $7.58 billion after a 1.8% increase.
• Analysts have varying opinions on Arista Networks, with target prices ranging from $106 to $155 and a consensus rating of "Moderate Buy", indicating strong optimism for the stock's future performance.

Banque Transatlantique SA lessened its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 687,996 shares of the technology company's stock after selling 347,063 shares during the period. Arista Networks comprises approximately 0.9% of Banque Transatlantique SA's investment portfolio, making the stock its 21st largest holding. Banque Transatlantique SA owned 0.05% of Arista Networks worth $49,262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. DSG Capital Advisors LLC purchased a new position in Arista Networks in the fourth quarter valued at $5,984,000. Ibex Wealth Advisors increased its stake in shares of Arista Networks by 14.4% in the 1st 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 in the last quarter. Sowell Financial Services LLC acquired a new position in Arista Networks in the 1st quarter worth about $629,000. Commonwealth Equity Services LLC boosted its position in Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Arista Networks during the first quarter worth approximately $15,227,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of recent analyst reports. BNP Paribas cut Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Evercore ISI set a $150.00 target price on shares of Arista Networks and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Morgan Stanley reissued an "overweight" rating and set a $135.00 target price (up previously from $125.00) on shares of Arista Networks in a research note on Wednesday. Finally, Piper Sandler upped their price target on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $138.79.

Arista Networks Stock Performance

Shares of NYSE:ANET traded up $1.66 during midday trading on Friday, hitting $142.83. The company's stock had a trading volume of 9,564,681 shares, compared to its average volume of 7,140,393. The company has a market cap of $179.52 billion, a P/E ratio of 56.18, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $145.46. The business's 50 day simple moving average is $122.49 and its 200 day simple moving average is $98.56.

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 business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares of the company's stock, valued at $1,771,353.76. This trade represents a 69.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the transaction, the director directly owned 57,784 shares in the company, valued at approximately $6,761,305.84. The trade was a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,839,614 shares of company stock worth $724,163,153 in the last three months. 3.39% of the stock is owned by corporate insiders.

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.