Wright Investors Service Inc. Raises Holdings in Arista Networks, Inc. $ANET

Key Points

• Wright Investors Service Inc. increased its stake in Arista Networks by 206.5% during Q2, now holding 31,037 shares valued at approximately $3.175 million.
• Insider trading revealed that CEO Jayshree Ullal sold 1.78 million shares for over **$243 million**, representing a 23.86% decrease in her ownership.
• Arista Networks reported positive quarterly earnings, with $0.73 EPS, exceeding analysts' expectations and showing a 30.4% revenue increase year-over-year.

Wright Investors Service Inc. increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 206.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,037 shares of the technology company's stock after purchasing an additional 20,912 shares during the quarter. Wright Investors Service Inc.'s holdings in Arista Networks were worth $3,175,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ANET. Brighton Jones LLC increased its stake in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock worth $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Arista Networks during the 4th quarter worth approximately $202,000. Bank Pictet & Cie Europe AG boosted its position in Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock worth $1,200,000 after acquiring an additional 8,822 shares during the last quarter. Bison Wealth LLC acquired a new position in Arista Networks during the 4th quarter worth approximately $251,000. Finally, Waverly Advisors LLC boosted its position in Arista Networks by 1,426.5% during the 4th quarter. Waverly Advisors LLC now owns 12,609 shares of the technology company's stock worth $1,394,000 after acquiring an additional 11,783 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth Duda sold 26,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.80, for a total value of $3,686,800.00. Following the sale, the insider owned 562,400 shares of the company's stock, valued at approximately $79,748,320. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,582,614 shares of company stock valued at $983,487,717. 3.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ANET shares. BNP Paribas downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a 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 objective for the company. in a report on Wednesday, June 11th. Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, Piper Sandler increased their price objective on Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.88.

Arista Networks Price Performance

NYSE:ANET traded up $2.85 during trading hours on Friday, hitting $149.51. The company's stock had a trading volume of 17,808,627 shares, compared to its average volume of 8,846,882. The stock has a fifty day simple moving average of $130.85 and a 200-day simple moving average of $102.17. The company has a market capitalization of $187.91 billion, a P/E ratio of 58.80, a PEG ratio of 3.12 and a beta of 1.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm 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 business's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal 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.