Bfsg LLC Decreases Holdings in Arista Networks, Inc. $ANET

Key Points

• Bfsg LLC has reduced its holdings in Arista Networks, Inc. by 61.3%, now owning only 3,822 shares valued at approximately $391,000.
• Arista Networks reported a 30.4% year-over-year increase in revenue, posting $2.20 billion for the quarter, and earnings per share of $0.73, exceeding estimates.
• Insider trading activity includes CEO Jayshree Ullal selling over 1.7 million shares, reducing her ownership by nearly 24%, while total insider sales in the last 90 days amounted to about $992 million.

Bfsg LLC cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 61.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,822 shares of the technology company's stock after selling 6,054 shares during the quarter. Bfsg LLC's holdings in Arista Networks were worth $391,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ANET. Nuveen LLC purchased a new position in shares of Arista Networks during the first quarter worth approximately $933,626,000. AQR Capital Management LLC raised its stake in shares of Arista Networks by 153.8% during the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after acquiring an additional 4,678,372 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after acquiring an additional 2,594,184 shares in the last quarter. Amundi raised its stake in shares of Arista Networks by 35.3% during the first quarter. Amundi now owns 8,582,109 shares of the technology company's stock worth $611,852,000 after acquiring an additional 2,240,045 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Trading Down 1.1%

Shares of Arista Networks stock opened at $143.82 on Wednesday. The firm has a market capitalization of $180.76 billion, a P/E ratio of 56.57, a P/E/G ratio of 3.03 and a beta of 1.50. The business has a fifty day simple moving average of $132.32 and a two-hundred day simple moving average of $103.02. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 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 analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company's revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Melius Research lifted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. William Blair restated an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. KeyCorp raised their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Piper Sandler raised their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.88.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 7,640,614 shares of company stock worth $992,096,077 over the last ninety days. Company 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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