Citizens National Bank Trust Department Raises Holdings in Arista Networks, Inc. $ANET

Key Points

• Citizens National Bank Trust Department increased its holdings in Arista Networks by 141.0% during the second quarter, acquiring an additional 6,133 shares, bringing their total to 10,483 shares valued at approximately $1,073,000.
• Arista Networks reported strong quarterly earnings with $0.73 earnings per share, surpassing analysts' expectations of $0.65 and achieving a revenue increase of 30.4% year-over-year to $2.20 billion.
• Insider transactions included CEO Jayshree Ullal selling over 1.2 million shares, representing an 18.82% decrease in her ownership, while insiders overall sold about 6.68 million shares valued at nearly $894 million in the last three months.

Citizens National Bank Trust Department boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 141.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,483 shares of the technology company's stock after acquiring an additional 6,133 shares during the quarter. Citizens National Bank Trust Department's holdings in Arista Networks were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC increased its holdings in shares of Arista Networks by 1.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock valued at $618,000 after acquiring an additional 95 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company's stock worth $444,000 after purchasing an additional 98 shares during the period. Wesbanco Bank Inc. increased its stake in Arista Networks by 2.3% during the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock valued at $461,000 after purchasing an additional 100 shares during the last quarter. XML Financial LLC increased its stake in Arista Networks by 0.6% during the second quarter. XML Financial LLC now owns 16,185 shares of the technology company's stock valued at $1,656,000 after purchasing an additional 100 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Arista Networks by 1.4% during the second quarter. CX Institutional now owns 7,703 shares of the technology company's stock worth $788,000 after purchasing an additional 110 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Shares of ANET stock opened at $145.12 on Wednesday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The firm has a market capitalization of $182.40 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 3.12 and a beta of 1.47. The stock has a fifty day moving average of $138.70 and a two-hundred day moving average of $107.40.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ANET. Melius Research boosted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 12th. KeyCorp lifted their target price on Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Piper Sandler increased their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. William Blair reissued an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. Finally, Wolfe Research upped their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the transaction, the director owned 41,784 shares in the company, valued at $6,162,722.16. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,678,904 shares of company stock valued at $894,021,161. 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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