Great Lakes Advisors LLC Sells 9,234 Shares of Arista Networks, Inc. $ANET

Great Lakes Advisors LLC lowered its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 73.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,376 shares of the technology company's stock after selling 9,234 shares during the period. Great Lakes Advisors LLC's holdings in Arista Networks were worth $262,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ANET. Clearstead Trust LLC grew its holdings in Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock valued at $190,000 after purchasing an additional 119 shares during the period. Pier 88 Investment Partners LLC boosted its stake in shares of Arista Networks by 1.5% in the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock worth $617,000 after acquiring an additional 120 shares during the period. Optimum Investment Advisors lifted its position in shares of Arista Networks by 31.3% in the first quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock worth $41,000 after buying an additional 125 shares in the last quarter. PFG Advisors lifted its position in shares of Arista Networks by 2.7% in the first quarter. PFG Advisors now owns 5,061 shares of the technology company's stock worth $392,000 after buying an additional 131 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Arista Networks by 9.4% in the first quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock worth $126,000 after buying an additional 139 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

NYSE ANET opened at $139.35 on Friday. The stock has a 50-day simple moving average of $126.85 and a two-hundred day simple moving average of $100.18. The firm has a market capitalization 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, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32.

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

Insider Activity

In related news, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. The trade was a 69.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,582,614 shares of company stock worth $980,712,097 in the last ninety days. Company insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ANET. BNP Paribas Exane downgraded Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price objective on the stock. in a research report on Wednesday, June 11th. Rosenblatt Securities increased their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday. BNP Paribas cut Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Barclays increased their target price on Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and an average target price of $157.56.

Arista Networks Company 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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