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

Key Points

• Sovran Advisors LLC significantly reduced its holdings in Arista Networks by 60.4% in the second quarter, selling over 23,000 shares while retaining a total of 15,205 shares valued at approximately $1.57 million.
• Several analysts have raised their price targets for Arista Networks, with Wolfe Research increasing it from $160 to $185, reflecting a strong positive outlook for the company's stock.
• The company's CEO, Jayshree Ullal, sold over 1.78 million shares worth approximately $243 million in August, representing a substantial decrease of 23.86% in her ownership.

Sovran Advisors LLC reduced its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 60.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,205 shares of the technology company's stock after selling 23,238 shares during the period. Sovran Advisors LLC's holdings in Arista Networks were worth $1,572,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of Arista Networks during the first quarter worth $30,000. Saudi Central Bank acquired a new position in shares of Arista Networks during the first quarter worth $33,000. McIlrath & Eck LLC acquired a new stake in Arista Networks in the fourth quarter valued at $35,000. Finally, Tradewinds Capital Management LLC raised its holdings in Arista Networks by 45.8% in the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after acquiring an additional 143 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on ANET shares. Wolfe Research upped their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, September 12th. The Goldman Sachs Group upped their price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. UBS Group upped their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Melius Research upped their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Needham & Company LLC upped their price target on shares of Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.88.

Arista Networks Stock Up 2.6%

Shares of ANET opened at $146.59 on Friday. The firm has a 50-day moving average price of $130.04 and a 200 day moving average price of $101.63. The firm has a market capitalization of $184.24 billion, a PE ratio of 57.66, a P/E/G ratio of 2.98 and a beta of 1.50. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 7,526,614 shares of company stock valued at $975,547,217. Corporate insiders own 3.39% 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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