Arista Networks, Inc. $ANET Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in Arista Networks by 12% in Q1, selling 6,235 shares, leaving it with holdings valued at $3.55 million.
• The company recently reported a 30.4% increase in quarterly revenue year-over-year, with earnings per share of $0.73, surpassing expectations of $0.65.
• A stock buyback program worth $1.50 billion has been authorized, indicating management's belief that shares may be undervalued, while institutional investors hold 82.47% of the stock.

Van Lanschot Kempen Investment Management N.V. cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,813 shares of the technology company's stock after selling 6,235 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Arista Networks were worth $3,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Clearstead Trust LLC boosted its stake in Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after buying an additional 119 shares during the period. Pier 88 Investment Partners LLC raised its stake in shares of Arista Networks by 1.5% in the 1st quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock valued at $617,000 after acquiring an additional 120 shares during the period. Optimum Investment Advisors raised its stake in shares of Arista Networks by 31.3% in the 1st quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock valued at $41,000 after acquiring an additional 125 shares during the period. PFG Advisors lifted its holdings in shares of Arista Networks by 2.7% in the 1st quarter. PFG Advisors now owns 5,061 shares of the technology company's stock worth $392,000 after acquiring an additional 131 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Arista Networks by 9.4% during the 1st quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock worth $126,000 after purchasing an additional 139 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Price Performance

Shares of NYSE ANET opened at $132.4360 on Wednesday. The company has a market cap of $166.45 billion, a price-to-earnings ratio of 52.09, a price-to-earnings-growth ratio of 3.24 and a beta of 1.37. The stock's 50-day moving average is $111.58 and its two-hundred day moving average is $96.41. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The business 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%.The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. 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 has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research analyst reports. Barclays reissued an "overweight" rating and issued a $151.00 target price (up previously from $119.00) on shares of Arista Networks in a research report on Thursday, August 7th. Piper Sandler boosted their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Citigroup increased their target price on Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Needham & Company LLC lifted their target price on Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.07.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 192,979 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $139.67, for a total value of $26,953,376.93. Following the sale, the chief executive officer directly owned 5,623,721 shares in the company, valued at $785,465,112.07. This trade represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kelly Bodnar Battles sold 864 shares of Arista Networks stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $114.68, for a total value of $99,083.52. Following the sale, the director directly owned 7,460 shares of the company's stock, valued at $855,512.80. This trade represents a 10.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,767,574 shares of company stock valued at $714,032,242. Insiders own 3.54% of the company's stock.

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.

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