US Bancorp DE Sells 20,446 Shares of Arista Networks, Inc. $ANET

US Bancorp DE trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,385 shares of the technology company's stock after selling 20,446 shares during the period. US Bancorp DE's holdings in Arista Networks were worth $15,795,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighMark Wealth Management LLC boosted its holdings in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Arista Networks during the 1st quarter worth approximately $30,000. Saudi Central Bank bought a new position in shares of Arista Networks during the 1st quarter worth approximately $33,000. REAP Financial Group LLC raised its position in shares of Arista Networks by 108.0% during 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 during the period. Finally, Tradewinds Capital Management LLC raised its position in shares of Arista Networks by 45.8% during the first 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 currently owned by institutional investors.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $154.51 on Friday. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $162.68. The firm has a market cap of $194.19 billion, a PE ratio of 60.77, a P/E/G ratio of 3.21 and a beta of 1.47. The stock has a fifty day moving average price of $140.85 and a 200-day moving average price of $108.89.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the firm posted $0.53 EPS. The business's revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Arista Networks in a research report on Saturday, September 27th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Piper Sandler upped their target price on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Barclays upped their target price on Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.94.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares of the company's stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director directly owned 41,784 shares of the company's stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,678,904 shares of company stock valued at $894,021,161 in the last ninety days. 3.39% of the stock is currently owned by insiders.

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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