Federation des caisses Desjardins du Quebec Sells 28,743 Shares of Arista Networks, Inc. $ANET

Key Points

• The **Federation des caisses Desjardins du Quebec** reduced its stake in **Arista Networks** by **20.6%**, holding 110,689 shares after selling 28,743 shares, valued at approximately **$8.58 million**.
• Despite recent reductions from some investors, **14 analysts** have given **Arista Networks** a **Buy rating**, with an average price target of **$138.79** for the stock.

Federation des caisses Desjardins du Quebec decreased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,689 shares of the technology company's stock after selling 28,743 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Arista Networks were worth $8,576,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. DSG Capital Advisors LLC acquired a new stake in Arista Networks during the fourth quarter valued at approximately $5,984,000. Ibex Wealth Advisors boosted its holdings in Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after purchasing an additional 7,329 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Arista Networks during the first quarter valued at approximately $629,000. Commonwealth Equity Services LLC boosted its holdings in Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Arista Networks during the first quarter valued at approximately $15,227,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, SVP Kenneth Duda sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president owned 12,976 shares of the company's stock, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 24,040 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $132.77, for a total transaction of $3,191,790.80. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company's stock, valued at $1,316,680.09. The trade was a 70.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,839,614 shares of company stock valued at $724,163,153. Corporate insiders own 3.39% of the company's stock.

Arista Networks Trading Up 1.2%

Shares of ANET traded up $1.66 on Friday, reaching $142.83. 9,564,681 shares of the company's stock were exchanged, compared to its average volume of 7,140,393. The stock has a market capitalization of $179.52 billion, a P/E ratio of 56.18, a price-to-earnings-growth ratio of 3.36 and a beta of 1.50. The business has a 50 day moving average price of $122.49 and a two-hundred day moving average price of $98.53. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $145.46.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. KeyCorp increased their price target on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Wedbush started coverage on Arista Networks in a research report on Wednesday, May 28th. They set an "outperform" rating on the stock. Citigroup raised their price objective on shares of Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, Needham & Company LLC increased their price target on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Arista Networks has a consensus rating of "Moderate Buy" and a consensus price target of $138.79.

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.