Epoch Investment Partners Inc. Sells 721,901 Shares of Arista Networks, Inc. $ANET

Key Points

• Epoch Investment Partners Inc. has sold 721,901 shares of Arista Networks, reducing its ownership by 31.3%, now holding about 1,586,616 shares valued at approximately $122.9 million.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks, decreasing her stake by 23.86%, while corporate insiders collectively sold over 5.8 million shares recently.
• Arista Networks reported a 30.4% increase in revenue year-over-year for the last quarter, yielding earnings per share of $0.73, surpassing analyst expectations of $0.65.

Epoch Investment Partners Inc. lessened its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 31.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,586,616 shares of the technology company's stock after selling 721,901 shares during the quarter. Epoch Investment Partners Inc. owned 0.13% of Arista Networks worth $122,931,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares during the period. Quarry LP grew its stake in shares of Arista Networks by 381.5% during 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 increased its stake in shares of Arista Networks by 415.7% in the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after buying an additional 212 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks in the first quarter worth about $30,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $35,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ANET. Rosenblatt Securities upped their price objective on Arista Networks from $106.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a research note on Wednesday, June 11th. Needham & Company LLC raised their price target on shares of Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Evercore ISI set a $150.00 price objective on Arista Networks and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

Arista Networks Trading Up 2.2%

Arista Networks stock traded up $2.90 during trading hours on Thursday, reaching $136.17. 8,365,203 shares of the stock were exchanged, compared to its average volume of 9,641,750. The stock has a 50 day moving average of $116.38 and a two-hundred day moving average of $97.29. The company has a market cap of $171.15 billion, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 3.13 and a beta of 1.37. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $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. On average, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks announced that its board has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

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 value 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 approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 5,847,614 shares of company stock worth $724,868,593 over the last three months. 3.39% of the stock is currently owned by insiders.

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.