Ethic Inc. Sells 10,393 Shares of Arista Networks, Inc. $ANET

Key Points

• Ethic Inc. has reduced its stake in Arista Networks by 9.3%, selling 10,393 shares and now holding 101,922 shares valued at approximately $10.1 million.
• Several large investors have increased their stakes in Arista Networks, with significant purchases made by Commonwealth Equity Services and Zurcher Kantonalbank, among others, indicating heightened institutional interest.
• Arista Networks reported a quarterly earnings per share (EPS) of $0.73, exceeding estimates, and has set its Q3 2025 guidance anticipating strong performance moving forward.

Ethic Inc. decreased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,922 shares of the technology company's stock after selling 10,393 shares during the period. Ethic Inc.'s holdings in Arista Networks were worth $10,130,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ANET. Commonwealth Equity Services LLC raised its stake in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after buying an additional 101,162 shares during the period. Westfield Capital Management Co. LP bought a new position in Arista Networks during the first quarter worth about $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Arista Networks by 94.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock worth $50,363,000 after purchasing an additional 316,309 shares in the last quarter. Trilogy Capital Inc. raised its position in shares of Arista Networks by 13.7% in the first quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company's stock valued at $1,985,000 after purchasing an additional 3,079 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Arista Networks during the 2nd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Price Performance

NYSE ANET opened at $146.23 on Wednesday. The stock has a market capitalization of $183.79 billion, a PE ratio of 57.70, a PEG ratio of 3.05 and a beta of 1.47. The business's 50-day moving average is $142.38 and its 200 day moving average is $112.24. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. Arista Networks's quarterly revenue was up 30.4% on a year-over-year basis. 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 earnings per share for the current year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 6,678,904 shares of company stock worth $895,788,521. Company insiders own 3.54% of the company's stock.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Rosenblatt Securities increased their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Wolfe Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. UBS Group upped their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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