NORTHSTAR ASSET MANAGEMENT Co Sells 11,325 Shares of Arista Networks, Inc. $ANET

Key Points

• NORTHSTAR ASSET MANAGEMENT Co has decreased its stake in Arista Networks by 18.4%, selling 11,325 shares and now holding 50,245 shares valued at approximately $5.14 million.
• Wall Street analysts have raised their price targets for Arista Networks, with several firms, including JPMorgan Chase and Wells Fargo, setting new targets at $175.00, reflecting a positive outlook for the company's stock.
• Insider transactions have seen CEO Jayshree Ullal sell over 1.2 million shares, reducing her ownership by about 18.82%, while total insider sales in the last ninety days reached $888 million.

NORTHSTAR ASSET MANAGEMENT Co reduced its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,245 shares of the technology company's stock after selling 11,325 shares during the quarter. Arista Networks accounts for approximately 1.2% of NORTHSTAR ASSET MANAGEMENT Co's holdings, making the stock its 17th biggest holding. NORTHSTAR ASSET MANAGEMENT Co's holdings in Arista Networks were worth $5,141,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ANET. HighMark Wealth Management LLC boosted its position in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after buying an additional 230 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks in the first quarter valued at approximately $30,000. Saudi Central Bank bought a new position in Arista Networks in the first quarter worth approximately $33,000. REAP Financial Group LLC grew its stake in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after purchasing an additional 143 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. 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. Evercore ISI raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Wells Fargo & Company boosted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Melius Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, William Blair reissued an "outperform" rating on shares of Arista Networks in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.94.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the transaction, the insider directly owned 12,976 shares in the company, valued at $1,852,324. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,617,342 shares of company stock worth $888,707,954. Company insiders own 3.39% of the company's stock.

Arista Networks Price Performance

Shares of ANET stock opened at $154.32 on Friday. The stock's fifty day moving average price is $143.22 and its 200 day moving average price is $113.64. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $162.68. The company has a market cap of $193.96 billion, a price-to-earnings ratio of 60.70, a price-to-earnings-growth ratio of 3.18 and a beta of 1.47.

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. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company's revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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.

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