Circle Wealth Management LLC Sells 4,944 Shares of Arista Networks, Inc. $ANET

Key Points

• Circle Wealth Management LLC has reduced its stake in Arista Networks by 12.2%, owning a total of 35,594 shares valued at approximately $2.76 million after selling 4,944 shares.
• The company reported a 30.4% year-over-year revenue increase in its most recent quarter, achieving revenues of $2.20 billion, surpassing analysts' expectations.
• CEO Jayshree Ullal sold over 1.78 million shares of Arista Networks stock, reducing her ownership by nearly 24%, while the company continues to be highly rated by analysts with a consensus of "Moderate Buy."

Circle Wealth Management LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,594 shares of the technology company's stock after selling 4,944 shares during the period. Circle Wealth Management LLC's holdings in Arista Networks were worth $2,758,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. HighMark Wealth Management LLC lifted its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after acquiring an additional 230 shares in the last quarter. Quarry LP raised its holdings in shares of Arista Networks by 381.5% in the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after purchasing an additional 206 shares during the last quarter. Dunhill Financial LLC lifted its position in shares of Arista Networks by 415.7% during the fourth quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks during the first quarter worth about $30,000. Finally, McIlrath & Eck LLC bought a new stake in Arista Networks in the 4th quarter worth about $35,000. Institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ANET shares. Evercore ISI set a $150.00 target price on Arista Networks and gave the company an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their target price on Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Rosenblatt Securities increased their price target on shares of Arista Networks from $106.00 to $125.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Redburn Atlantic started coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 target price on the stock. Finally, Barclays restated an "overweight" rating and set a $151.00 price target (up previously from $119.00) on shares of Arista Networks in a research note on Thursday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $138.07.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction 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 of the company's stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 5,823,574 shares of company stock valued at $721,676,802 in the last quarter. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Stock Up 0.3%

NYSE ANET opened at $131.9240 on Friday. The firm has a market cap of $165.81 billion, a P/E ratio of 51.89, a price-to-earnings-growth ratio of 3.09 and a beta of 1.37. The company's 50 day moving average is $113.05 and its 200-day moving average is $96.79. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating 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 period in the prior year, the business posted $0.53 earnings per share. The company's revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Arista Networks announced that its board has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

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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