Sendero Wealth Management LLC Decreases Stake in Arista Networks, Inc. $ANET

Sendero Wealth Management LLC cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,093 shares of the technology company's stock after selling 11,900 shares during the quarter. Arista Networks comprises 1.7% of Sendero Wealth Management LLC's investment portfolio, making the stock its 11th biggest position. Sendero Wealth Management LLC's holdings in Arista Networks were worth $14,026,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ANET. HighMark Wealth Management LLC grew its position in shares of Arista Networks by 179.7% in 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 in the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks during the first quarter worth $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the 1st quarter valued at $33,000. Tradewinds Capital Management LLC increased its stake in shares of Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Finally, Costello Asset Management INC raised its holdings in shares of Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock worth $35,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ANET shares. BNP Paribas Exane upgraded shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 price objective for the company in a research report on Thursday, September 25th. Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, September 12th. UBS Group increased their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI lifted their target price on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Finally, Melius Research increased their price target on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,839,867.04. This trade represents a 69.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $185,319,098.64. Following the transaction, the chief executive officer directly owned 5,383,207 shares of the company's stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,678,904 shares of company stock valued at $894,021,161 in the last quarter. Corporate insiders own 3.54% of the company's stock.

Arista Networks Stock Up 0.7%

Arista Networks stock opened at $145.51 on Monday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The firm has a market cap of $182.88 billion, a PE ratio of 57.23, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47. The company's 50 day moving average is $137.53 and its two-hundred day moving average is $106.67.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data 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 prior year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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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