Clifford Swan Investment Counsel LLC Sells 5,261 Shares of Arista Networks, Inc. $ANET

Clifford Swan Investment Counsel LLC lessened its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 0.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 576,285 shares of the technology company's stock after selling 5,261 shares during the period. Arista Networks comprises about 2.1% of Clifford Swan Investment Counsel LLC's portfolio, making the stock its 7th largest holding. Clifford Swan Investment Counsel LLC's holdings in Arista Networks were worth $58,960,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of ANET. Nuveen LLC acquired a new position in shares of Arista Networks in the 1st quarter valued at $933,626,000. AQR Capital Management LLC lifted its stake in 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 valued at $584,119,000 after buying an additional 4,678,372 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company's stock worth $721,342,000 after buying an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Arista Networks by 37.3% in 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. Finally, Amundi raised its holdings 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 valued at $611,852,000 after acquiring an additional 2,240,045 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were 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 $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 6,678,904 shares of company stock valued at $895,788,521 over the last 90 days. Company insiders own 3.39% of the company's stock.

Arista Networks Trading Up 0.4%

ANET stock opened at $146.50 on Thursday. The firm has a market cap of $184.13 billion, a PE ratio of 57.62, a PEG ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The company has a fifty day simple moving average of $142.55 and a 200 day simple moving average of $112.47.

Arista Networks (NYSE:ANET - Get Free Report) last posted its 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. The company had revenue of $2.20 billion for 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 business's revenue was up 30.4% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analysts Set New Price Targets

ANET has been the subject of a number of recent analyst reports. Rosenblatt Securities raised their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. The Goldman Sachs Group lifted their price target on Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. BNP Paribas raised Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Finally, Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the company an "overweight" rating in a research report on Friday, October 10th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $163.94.

Arista Networks 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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