First Hawaiian Bank Buys Shares of 35,697 Arista Networks, Inc. $ANET

Key Points

• First Hawaiian Bank purchased 35,697 shares of Arista Networks, valued at approximately $2.77 million, during the first quarter.
• Insider trading revealed that CEO Jayshree Ullal sold over 1.24 million shares valued at around $185.32 million, marking an 18.82% reduction in her stake.
• Arista Networks' shares have seen a decline of 8.9%, with the current market cap standing at approximately $175.14 billion and a P/E ratio of 54.81.

First Hawaiian Bank bought a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,697 shares of the technology company's stock, valued at approximately $2,766,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Arista Networks in the 1st quarter worth approximately $933,626,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arista Networks by 278.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock worth $955,126,000 after acquiring an additional 6,357,753 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock worth $584,119,000 after acquiring an additional 4,678,372 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Arista Networks by 240.6% in the 4th quarter. Royal Bank of Canada now owns 4,736,301 shares of the technology company's stock worth $523,502,000 after acquiring an additional 3,345,555 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Arista Networks by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company's stock worth $740,126,000 after acquiring an additional 2,594,184 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the sale, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,582,614 shares of company stock valued at $980,712,097. Insiders own 3.39% of the company's stock.

Arista Networks Stock Down 8.9%

Shares of ANET opened at $139.35 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The firm's 50 day moving average price is $126.85 and its 200 day moving average price is $100.18. The company has a market cap of $175.14 billion, a P/E ratio of 54.81, a PEG ratio of 3.60 and a beta of 1.50.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the firm earned $0.53 EPS. The firm'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. Research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ANET shares. Redburn Atlantic started coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price objective on the stock. UBS Group upped their price objective 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. Morgan Stanley upped their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday. Needham & Company LLC upped their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.56.

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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