Arista Networks, Inc. $ANET Shares Sold by Faithward Advisors LLC

Key Points

• Faithward Advisors LLC reduced its stake in Arista Networks by 3.8% during the first quarter, now holding 55,860 shares valued at approximately $4.3 million.
• Arista Networks reported a 30.4% year-over-year increase in quarterly revenue, reaching $2.20 billion, and exceeded EPS expectations by posting $0.73 for the quarter.
• CEO Jayshree Ullal sold over 1.7 million shares of Arista Networks stock, a 23.86% decrease in ownership, valued at approximately $243 million.

Faithward Advisors LLC lowered its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,860 shares of the technology company's stock after selling 2,205 shares during the quarter. Faithward Advisors LLC's holdings in Arista Networks were worth $4,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANET. Brighton Jones LLC raised its stake in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $202,000. Bank Pictet & Cie Europe AG grew its holdings in shares of Arista Networks by 433.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock valued at $1,200,000 after purchasing an additional 8,822 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $251,000. Finally, First Manhattan CO. LLC. bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $279,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Price Performance

Shares of ANET stock opened at $142.83 on Monday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $145.46. The firm has a market capitalization of $179.52 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 3.36 and a beta of 1.49. The business has a 50 day simple moving average of $122.49 and a 200 day simple moving average of $98.49.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS 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 firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their target price on Arista Networks from $130.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Needham & Company LLC upped their target price on Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Piper Sandler upped their target price on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Citigroup boosted their price objective on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.79.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 5,839,614 shares of company stock valued at $724,163,153 in the last quarter. Insiders own 3.54% of the company's stock.

About Arista Networks

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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