Nations Financial Group Inc. IA ADV Lowers Stock Position in Arista Networks, Inc. $ANET

Key Points

• Nations Financial Group Inc. IA ADV reduced its holdings in Arista Networks by 48.9%, selling 9,723 shares in the first quarter and now owning 10,165 shares valued at approximately $788,000.
• Multiple institutional investors have significantly increased their stakes in Arista Networks, with HighMark Wealth Management boosting its position by 179.7% in the first quarter.
• Arista Networks recently reported better-than-expected earnings, with $0.73 EPS against an estimate of $0.65, contributing to a 30.4% revenue increase year-over-year.

Nations Financial Group Inc. IA ADV cut its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 48.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,165 shares of the technology company's stock after selling 9,723 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Arista Networks were worth $788,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ANET. Cresset Asset Management LLC raised its position in shares of Arista Networks by 277.5% during the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after purchasing an additional 20,059,303 shares during the period. Nuveen LLC bought a new stake in shares of Arista Networks during the 1st quarter valued at $933,626,000. Nuveen Asset Management LLC raised its position in shares of Arista Networks by 330.8% during the 4th quarter. Nuveen Asset Management LLC now owns 11,292,585 shares of the technology company's stock valued at $1,248,169,000 after purchasing an additional 8,671,235 shares during the period. Northern Trust Corp raised its position in shares of Arista Networks by 354.3% during the 4th quarter. Northern Trust Corp now owns 9,942,816 shares of the technology company's stock valued at $1,098,979,000 after purchasing an additional 7,753,991 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Arista Networks by 278.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock valued at $955,126,000 after purchasing an additional 6,357,753 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ANET has been the topic of a number of research reports. Wedbush initiated coverage on shares of Arista Networks in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. KeyCorp lifted their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Morgan Stanley lifted their price target on shares of Arista Networks from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Needham & Company LLC lifted their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Rosenblatt Securities lifted their price objective on shares of Arista Networks from $106.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.07.

Arista Networks Price Performance

Shares of NYSE:ANET traded down $5.60 during trading hours on Tuesday, hitting $132.44. The company's stock had a trading volume of 6,857,473 shares, compared to its average volume of 10,535,771. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $141.99. The company has a market capitalization of $166.46 billion, a price-to-earnings ratio of 52.20, a P/E/G ratio of 3.23 and a beta of 1.37. The firm's fifty day moving average price is $110.80 and its 200 day moving average price is $96.15.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks's revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Arista Networks announced that its board has approved a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 5,767,742 shares of company stock worth $714,048,068. Corporate insiders own 3.39% of the company's stock.

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.