UMB Bank n.a. Has $402,000 Position in Arista Networks, Inc. $ANET

Key Points

• UMB Bank n.a. decreased its stake in Arista Networks, Inc. by 74.3% in the second quarter, holding 3,928 shares valued at $402,000 after selling 11,363 shares.
• Arista Networks received mixed analyst ratings, with Wolfe Research increasing its target price to $185.00, while BNP Paribas Exane downgraded it to $106.00, resulting in an average price target of $157.88.
• CEO Jayshree Ullal sold over 1.7 million shares of Arista Networks, representing a 23.86% decrease in her ownership, while insiders sold a total of 7.58 million shares valued at approximately $983 million in the last three months.

UMB Bank n.a. lessened its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 74.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,928 shares of the technology company's stock after selling 11,363 shares during the period. UMB Bank n.a.'s holdings in Arista Networks were worth $402,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HighMark Wealth Management LLC grew its position in shares of 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 last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks during the 1st quarter valued at about $30,000. Ameriflex Group Inc. bought a new stake in shares of Arista Networks during the 4th quarter valued at about $46,000. Saudi Central Bank bought a new stake in shares of Arista Networks during the 1st quarter valued at about $33,000. Finally, Costello Asset Management INC boosted its position 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 valued at $35,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wolfe Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. BNP Paribas Exane downgraded Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target on the stock. in a research note on Wednesday, June 11th. Wells Fargo & Company upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Needham & Company LLC upped their price target on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Finally, Piper Sandler upped their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.88.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 7,582,614 shares of company stock valued at $983,487,717 in the last three months. 3.54% of the stock is currently owned by insiders.

Arista Networks Price Performance

NYSE:ANET opened at $145.51 on Tuesday. The business has a fifty day simple moving average of $131.59 and a two-hundred day simple moving average of $102.73. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32. The company has a market capitalization of $182.89 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.12 and a beta of 1.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.