Mizuho Markets Cayman LP Sells 4,650 Shares of Arista Networks, Inc. $ANET

Key Points

• Mizuho Markets Cayman LP cut its stake in Arista Networks by 55.8%, reducing its holdings to 3,683 shares worth $377,000 after selling 4,650 shares in the second quarter.
• Arista Networks reported earnings of $0.73 per share for the latest quarter, exceeding expectations and showing a 30.4% year-over-year revenue growth with total revenue of $2.20 billion.
• Insider trading was significant as CEO Jayshree Ullal sold over 1.78 million shares of Arista Networks in August, significantly reducing her ownership by 23.86%.

Mizuho Markets Cayman LP decreased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 55.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,683 shares of the technology company's stock after selling 4,650 shares during the quarter. Mizuho Markets Cayman LP's holdings in Arista Networks were worth $377,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock worth $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new stake in Arista Networks during the fourth quarter worth approximately $202,000. Bank Pictet & Cie Europe AG lifted its position in Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock worth $1,200,000 after acquiring an additional 8,822 shares during the last quarter. Bison Wealth LLC acquired a new position in Arista Networks during the 4th quarter worth $251,000. Finally, GTS Securities LLC lifted its position in Arista Networks by 119.8% during the 4th quarter. GTS Securities LLC now owns 7,782 shares of the technology company's stock worth $860,000 after acquiring an additional 47,043 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Down 2.7%

Arista Networks stock opened at $145.51 on Tuesday. The business's 50-day simple moving average is $131.59 and its 200 day simple moving average is $102.73. The stock has a market cap of $182.89 billion, a price-to-earnings ratio of 57.23, a P/E/G ratio of 3.12 and a beta of 1.49. 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 released its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company's quarterly revenue was up 30.4% on a year-over-year basis. 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.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the 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 of the company's stock, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 7,582,614 shares of company stock valued at $983,487,717 over the last quarter. Corporate insiders own 3.54% of the company's stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Arista Networks from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Barclays upped their price target on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. The Goldman Sachs Group upped their price target on Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, Citigroup upped their price target on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.88.

Arista Networks Company 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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