Cooper Financial Group Reduces Position in Arista Networks, Inc. $ANET

Key Points

• Cooper Financial Group has reduced its position in Arista Networks by 19.6%, owning 20,659 shares worth approximately $2.11 million after selling 5,039 shares in the 2nd quarter.
• CEO Jayshree Ullal sold 1,785,165 shares at an average price of $136.22, leading to a 23.86% decrease in her ownership, while insiders have sold a total of $892.8 million in shares over the last three months.
• Analysts have raised their price targets for Arista Networks, with Wolfe Research increasing its target from $160.00 to $185.00, reflecting a positive outlook with an average consensus price target of $162.00.

Cooper Financial Group lessened its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,659 shares of the technology company's stock after selling 5,039 shares during the period. Cooper Financial Group's holdings in Arista Networks were worth $2,114,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ANET. Wesbanco Bank Inc. lifted its holdings in Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company's stock worth $461,000 after buying an additional 100 shares in the last quarter. XML Financial LLC lifted its holdings in Arista Networks by 0.6% during the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company's stock worth $1,656,000 after buying an additional 100 shares in the last quarter. CX Institutional lifted its holdings in Arista Networks by 1.4% during the 2nd quarter. CX Institutional now owns 7,703 shares of the technology company's stock worth $788,000 after buying an additional 110 shares in the last quarter. McAdam LLC raised its holdings in shares of Arista Networks by 2.6% in the 2nd quarter. McAdam LLC now owns 4,594 shares of the technology company's stock valued at $470,000 after purchasing an additional 116 shares in the last quarter. Finally, Clearstead Trust LLC raised its holdings in shares of Arista Networks by 5.1% in the 1st quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock valued at $190,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 6,670,904 shares of company stock valued at $892,841,241 in the last three months. Corporate insiders own 3.54% of the company's stock.

Arista Networks Price Performance

NYSE ANET opened at $145.73 on Wednesday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The company has a market capitalization of $183.16 billion, a PE ratio of 57.32, a P/E/G ratio of 2.99 and a beta of 1.50. The company has a fifty day moving average of $135.58 and a two-hundred day moving average of $105.22.

Arista Networks (NYSE:ANET - Get Free Report) last released 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. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

ANET has been the topic of a number of analyst reports. Wolfe Research raised their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Barclays raised their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Melius Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Evercore ISI raised their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

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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