Arista Networks, Inc. $ANET Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners cut its Arista Networks stake by 66.6% in the second quarter, selling 9,856 shares and retaining 4,935 shares valued at approximately $838,000. Institutional investors and hedge funds collectively own 82.47% of ANET.
• Wall Street remains bullish, with an average rating of “Buy” and a consensus price target of $226.05. Bank of America and KeyCorp recently raised their targets to $240 and $250, respectively.
• Arista reported quarterly earnings of $1.02 per share, topping estimates of $0.89, while revenue rose 37.7% year over year to $3.04 billion. The stock opened at $192.61, and insiders have sold roughly $798.5 million of shares over the past 90 days.

GSA Capital Partners LLP reduced its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 66.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,935 shares of the technology company's stock after selling 9,856 shares during the quarter. GSA Capital Partners LLP's holdings in Arista Networks were worth $838,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Intrua Financial LLC boosted its position in Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock worth $283,000 after purchasing an additional 61 shares during the period. NBT Bank N A NY raised its position in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company's stock valued at $30,000 after purchasing an additional 67 shares during the period. Hoxton Planning & Management LLC lifted its stake in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company's stock worth $214,000 after purchasing an additional 68 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Arista Networks by 8.7% during the first quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company's stock worth $107,000 after purchasing an additional 70 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its position in shares of Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company's stock worth $827,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ANET. Evercore reiterated an "outperform" rating on shares of Arista Networks in a research note on Wednesday, August 5th. Wolfe Research restated an "outperform" rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Citigroup restated a "buy" rating on shares of Arista Networks in a report on Thursday, August 6th. Bank of America reaffirmed a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, KeyCorp reiterated an "overweight" rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks has an average rating of "Buy" and a consensus price target of $226.05.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $192.61 on Wednesday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The stock's 50-day simple moving average is $175.81 and its 200-day simple moving average is $155.48. The firm has a market cap of $242.93 billion, a price-to-earnings ratio of 60.76, a PEG ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating 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 firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. Arista Networks's revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 767,029 shares of the firm's 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 sale, the chief executive officer owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Wednesday, August 5th. The stock was 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 owned 181,143,048 shares of the company's stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% 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. Over the last ninety days, insiders sold 4,334,197 shares of company stock worth $798,500,786. 2.70% of the stock is currently owned by corporate insiders.

About Arista Networks

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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