Lecap Asset Management Ltd. Cuts Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Lecap Asset Management Ltd. significantly reduced its stake in Arista Networks, Inc. by 81.8%, selling 31,662 shares, and now holds 7,045 shares valued at approximately $721,000.
• Several large investors, including ASR Vermogensbeheer N.V. and Robeco Institutional Asset Management B.V., have increased their stakes in Arista Networks, indicating continued institutional interest.
• Arista Networks reported earnings of $0.73 per share, exceeding expectations, along with a revenue increase of 30.4% year-over-year, highlighting strong financial performance in a competitive market.

Lecap Asset Management Ltd. cut its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 81.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,045 shares of the technology company's stock after selling 31,662 shares during the period. Lecap Asset Management Ltd.'s holdings in Arista Networks were worth $721,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ANET. ASR Vermogensbeheer N.V. boosted its stake in shares of Arista Networks by 74.9% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 215,266 shares of the technology company's stock valued at $22,024,000 after buying an additional 92,206 shares during the period. Pure Financial Advisors LLC raised its holdings in Arista Networks by 57.9% in the second quarter. Pure Financial Advisors LLC now owns 4,251 shares of the technology company's stock valued at $435,000 after acquiring an additional 1,559 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Arista Networks by 123.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,068,064 shares of the technology company's stock worth $313,894,000 after acquiring an additional 1,692,467 shares during the last quarter. BSW Wealth Partners grew its holdings in Arista Networks by 14.5% during the 2nd quarter. BSW Wealth Partners now owns 5,653 shares of the technology company's stock worth $578,000 after acquiring an additional 718 shares in the last quarter. Finally, Precision Wealth Strategies LLC increased its position in shares of Arista Networks by 6.8% in the 2nd quarter. Precision Wealth Strategies LLC now owns 4,720 shares of the technology company's stock valued at $483,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ANET shares. Wolfe Research lifted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. raised their price target on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. KeyCorp upped their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their target price on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, UBS Group boosted their target price on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Eighteen equities 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, Arista Networks has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction dated 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 $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 6,670,904 shares of company stock worth $892,841,241 over the last 90 days. Company insiders own 3.39% of the company's stock.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $144.55 on Friday. The firm's fifty day simple moving average is $136.91 and its 200-day simple moving average is $105.93. The stock has a market capitalization of $181.68 billion, a price-to-earnings ratio of 56.85, a PEG ratio of 3.11 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 EPS. Arista Networks's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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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