Intech Investment Management LLC Sells 9,653 Shares of Arista Networks, Inc. $ANET

Key Points

• Intech Investment Management LLC has reduced its stake in Arista Networks by 8.9%, holding 98,660 shares worth approximately $7.64 million after selling 9,653 shares in the first quarter.
• Significant insider selling occurred, with CEO Jayshree Ullal offloading 56,548 shares for over $8 million, resulting in a 1.01% reduction in her ownership.
• Arista Networks' stock has a market cap of $192.84 billion and reported a 30.4% year-over-year revenue increase with earnings per share of $0.73 for the last quarter, exceeding estimates.

Intech Investment Management LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,660 shares of the technology company's stock after selling 9,653 shares during the quarter. Intech Investment Management LLC's holdings in Arista Networks were worth $7,644,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ANET. Brighton Jones LLC increased its holdings in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Arista Networks during the 4th quarter worth $202,000. Bank Pictet & Cie Europe AG lifted its holdings in shares of Arista Networks by 433.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock valued at $1,200,000 after buying an additional 8,822 shares during the period. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at $251,000. Finally, Gotham Asset Management LLC lifted its holdings in shares of Arista Networks by 166.8% in the fourth quarter. Gotham Asset Management LLC now owns 29,729 shares of the technology company's stock valued at $3,286,000 after buying an additional 18,587 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 7,582,614 shares of company stock valued at $980,712,097. Company insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

NYSE:ANET traded down $13.69 on Friday, reaching $139.35. The company's stock had a trading volume of 17,882,765 shares, compared to its average volume of 7,918,403. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The firm has a market cap of $175.14 billion, a PE ratio of 54.81, a PEG ratio of 3.60 and a beta of 1.50. The business's 50-day moving average price is $126.85 and its two-hundred day moving average price is $100.18.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANET. Barclays upped their price target on Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a report on Friday. Wolfe Research increased their price objective on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday. UBS Group raised their target price on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC raised their target price on Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.