Greenleaf Trust Sells 12,656 Shares of Arista Networks, Inc. $ANET

Key Points

• Greenleaf Trust reduced its stake in **Arista Networks** by **20.2%**, selling **12,656 shares** and leaving it with **49,962 shares** valued at approximately **$5.1 million**.
• Despite the sell-off, several other hedge funds and institutional investors have increased their stakes in Arista Networks, which currently has **82.47%** of its shares owned by institutions.
• Arista Networks reported a **30.4%** year-over-year revenue growth with a Q2 revenue of **$2.2 billion**, surpassing analyst expectations, and has set a **consensus target price of $162.00** from analysts.

Greenleaf Trust trimmed its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 49,962 shares of the technology company's stock after selling 12,656 shares during the period. Greenleaf Trust's holdings in Arista Networks were worth $5,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANET. Ibex Wealth Advisors grew its holdings in shares of Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after acquiring an additional 7,329 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Arista Networks in the first quarter worth $629,000. Commonwealth Equity Services LLC grew its stake in Arista Networks by 19.8% in the 1st 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 during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Arista Networks during the 1st quarter valued at $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Arista Networks by 94.8% during the 1st 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 during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Price Performance

Arista Networks stock opened at $143.17 on Tuesday. The firm has a market capitalization of $179.94 billion, a P/E ratio of 56.31, a PEG ratio of 2.97 and a beta of 1.49. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32. The business has a fifty day moving average price of $134.86 and a 200-day moving average price of $104.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,670,904 shares of company stock valued at $892,841,241. 3.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ANET shares. BNP Paribas Exane upgraded shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price target for the company in a research report on Thursday, September 25th. Needham & Company LLC increased their price objective on Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. KeyCorp raised their target price on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Wolfe Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Finally, Morgan Stanley increased their price target on Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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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