Envestnet Portfolio Solutions Inc. Sells 38,887 Shares of Arista Networks, Inc. $ANET

Key Points

• Envestnet Portfolio Solutions Inc. sold 38,887 shares of Arista Networks, Inc., decreasing its stake by 37% to 66,188 shares valued at approximately $6.77 million.
• Despite the sale by Envestnet, other hedge funds have increased their investments in Arista, with institutions now holding 82.47% of the company's stock.
• Arista Networks reported a quarterly EPS of $0.73, surpassing estimates and showing a 30.4% year-over-year revenue growth, raising its guidance for Q3 2025.

Envestnet Portfolio Solutions Inc. decreased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 37.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,188 shares of the technology company's stock after selling 38,887 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Arista Networks were worth $6,772,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new position in Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank bought a new position in Arista Networks in the 1st quarter worth about $33,000. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Zacks Research lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Weiss Ratings reissued a "buy (b-)" rating on shares of Arista Networks in a research report on Tuesday. Evercore ISI boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Finally, Morgan Stanley set a $171.00 target price on Arista Networks and gave the stock an "overweight" rating in a research report on Friday. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $163.94.

Insider Activity

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 41,784 shares of the company's stock, valued at $6,162,722.16. This represents a 16.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kenneth Duda sold 26,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.80, for a total transaction of $3,686,800.00. Following the completion of the sale, the insider directly owned 562,400 shares of the company's stock, valued at $79,748,320. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock valued at $894,021,161 in the last quarter. 3.54% of the stock is currently owned by insiders.

Arista Networks Stock Down 5.9%

NYSE ANET opened at $138.76 on Wednesday. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68. The firm has a market capitalization of $174.40 billion, a P/E ratio of 54.58, a PEG ratio of 3.07 and a beta of 1.47. The company has a 50-day moving average price of $141.81 and a 200-day moving average price of $109.79.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 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 firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

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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