Arista Networks, Inc. $ANET Shares Sold by GKV Capital Management Co. Inc.

Key Points

• GKV Capital Management sold 24,660 shares of Arista Networks, reducing their stake by 63.3%, leaving them with 14,300 shares worth $1.11 million.
• Several institutional investors increased their holdings in Arista Networks, leading to 82.47% of the company's stock being held by such investors.
• Analysts have mixed ratings on Arista Networks, with 14 rated as "Buy" and five as "Hold," and a consensus target price of $138.07.

GKV Capital Management Co. Inc. trimmed its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 63.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,300 shares of the technology company's stock after selling 24,660 shares during the period. GKV Capital Management Co. Inc.'s holdings in Arista Networks were worth $1,108,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Arista Networks by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company's stock worth $7,581,955,000 after buying an additional 1,771,982 shares during the last quarter. Cresset Asset Management LLC lifted its stake in Arista Networks by 277.5% in the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock worth $3,016,207,000 after purchasing an additional 20,059,303 shares in the last quarter. Nuveen LLC purchased a new position in Arista Networks in the 1st quarter worth approximately $933,626,000. Nuveen Asset Management LLC lifted its stake in Arista Networks by 330.8% in the 4th quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock worth $1,248,169,000 after purchasing an additional 8,671,235 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Arista Networks by 3.7% in the 1st quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company's stock worth $799,244,000 after purchasing an additional 372,677 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In related news, SVP Kenneth Duda sold 30,000 shares of Arista Networks 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 in the company, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayshree Ullal sold 24,040 shares of Arista Networks 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 owned 9,917 shares of the company's stock, valued at $1,316,680.09. This trade represents a 70.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,839,614 shares of company stock worth $724,163,153. Insiders own 3.54% of the company's stock.

Arista Networks Price Performance

Shares of ANET stock traded up $0.23 during trading on Monday, hitting $136.46. 7,957,378 shares of the stock traded hands, compared to its average volume of 9,078,280. The firm has a market capitalization of $171.51 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49. The firm's fifty day moving average price is $118.31 and its 200-day moving average price is $97.36. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 the consensus estimate of $2.11 billion. During the same quarter last 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. As a group, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Arista Networks announced that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BNP Paribas lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Rosenblatt Securities raised their target price on shares of Arista Networks from $106.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Evercore ISI set a $150.00 target price on shares of Arista Networks and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic began coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 target price on the stock. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $138.07.

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.