MAI Capital Management Sells 5,884 Shares of Arista Networks, Inc. $ANET

Key Points

• MAI Capital Management reduced its stake in Arista Networks by 4.5%, selling 5,884 shares, and now holds 124,955 shares valued at approximately $9.68 million.
• CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks, decreasing her ownership by 23.86%, while insiders sold a total of 5,839,614 shares worth $724 million last quarter.
• Arista Networks reported a revenue of $2.20 billion for the last quarter, surpassing estimates by $90 million and representing a 30.4% year-over-year increase in revenue.

MAI Capital Management decreased its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 124,955 shares of the technology company's stock after selling 5,884 shares during the quarter. MAI Capital Management's holdings in Arista Networks were worth $9,682,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP grew its position in Arista Networks by 381.5% during the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock worth $29,000 after buying an additional 206 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of Arista Networks by 415.7% in the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock worth $29,000 after acquiring an additional 212 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $35,000. HighMark Wealth Management LLC increased its position in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the period. Finally, Cloud Capital Management LLC acquired a new position in shares of Arista Networks in the first quarter valued at $30,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 5,839,614 shares of company stock worth $724,163,153. 3.54% of the stock is owned by corporate insiders.

Arista Networks Trading Down 0.6%

NYSE ANET traded down $0.82 during trading hours on Tuesday, reaching $135.73. 7,410,941 shares of the company's stock were exchanged, compared to its average volume of 10,376,204. The firm has a fifty day moving average of $119.20 and a 200-day moving average of $97.57. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $141.99. The stock has a market cap of $170.60 billion, a PE ratio of 53.39, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49.

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

Arista Networks declared that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on ANET. Redburn Atlantic began coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set a "buy" rating and a $112.00 price target on the stock. Morgan Stanley lifted their target price on shares of Arista Networks from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup raised their price target on shares of Arista Networks from $123.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Wedbush began coverage on Arista Networks in a research note on Wednesday, May 28th. They issued an "outperform" rating on the stock. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.