Arista Networks, Inc. $ANET Holdings Lowered by Meiji Yasuda Life Insurance Co

Key Points

• Meiji Yasuda Life Insurance Co reduced its stake in Arista Networks by 8.5%, selling 2,395 shares, and now owns 25,676 shares worth approximately $1,989,000.
• Several institutional investors, including HighMark Wealth Management and Saudi Central Bank, have recently adjusted their stakes in Arista Networks, with 82.47% of the stock owned by institutional investors.
• Arista Networks reported earnings per share of $0.73 for the latest quarter, exceeding expectations and showing a year-over-year revenue increase of 30.4%.

Meiji Yasuda Life Insurance Co decreased its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,676 shares of the technology company's stock after selling 2,395 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in Arista Networks were worth $1,989,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Clearstead Trust LLC grew its holdings in Arista Networks by 5.1% in the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock worth $190,000 after purchasing an additional 119 shares during the last quarter. Pier 88 Investment Partners LLC raised its stake in Arista Networks by 1.5% in the 1st quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock valued at $617,000 after purchasing an additional 120 shares during the last quarter. Optimum Investment Advisors boosted its holdings in shares of Arista Networks by 31.3% during the 1st quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock worth $41,000 after purchasing an additional 125 shares during the last quarter. PFG Advisors raised its holdings in shares of Arista Networks by 2.7% during the 1st quarter. PFG Advisors now owns 5,061 shares of the technology company's stock worth $392,000 after acquiring an additional 131 shares during the period. Finally, Harbour Investments Inc. raised its position in Arista Networks by 9.4% in the first quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock valued at $126,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Activity at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the sale, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 438,764 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $143.84, for a total transaction of $63,111,813.76. Following the completion of the sale, the chief executive officer directly owned 5,563,176 shares in the company, valued at $800,207,235.84. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,278,378 shares of company stock valued at $787,274,967. Corporate insiders own 3.39% of the company's stock.

Arista Networks Stock Performance

Arista Networks stock traded up $9.05 during trading on Wednesday, reaching $150.96. The company had a trading volume of 19,754,300 shares, compared to its average volume of 7,069,647. The firm has a market capitalization of $189.74 billion, a price-to-earnings ratio of 57.75, a PEG ratio of 3.34 and a beta of 1.50. The stock's 50 day moving average price is $124.09 and its two-hundred day moving average price is $99.08. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $151.71.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 40.90% and a return on equity of 31.05%. The company's revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wolfe Research started coverage on Arista Networks in a research note on Tuesday, July 8th. They set an "outperform" rating for the company. UBS Group lifted their target price on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. BNP Paribas lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. Morgan Stanley reissued an "overweight" rating and set a $135.00 price target (up from $125.00) on shares of Arista Networks in a report on Wednesday, September 3rd. Finally, Evercore ISI set a $150.00 target price on shares of Arista Networks and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.79.

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.