Wright Investors Service Inc. Increases Position 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. boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 206.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANET. HighMark Wealth Management LLC lifted its position in 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 acquiring an additional 230 shares during the period. Cloud Capital Management LLC acquired a new position in Arista Networks in the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new position in Arista Networks in the first quarter valued at about $33,000. Tradewinds Capital Management LLC lifted its position in Arista Networks by 45.8% in 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. Finally, Costello Asset Management INC raised its position in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company's stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Up 1.9%

Shares of ANET stock traded up $2.85 during mid-day trading on Friday, reaching $149.51. The stock had a trading volume of 17,808,627 shares, compared to its average volume of 9,369,324. The firm has a market cap of $187.91 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 3.12 and a beta of 1.49. The business's fifty day moving average is $130.85 and its 200-day moving average is $102.17. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In related news, insider Kenneth Duda sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the 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 owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,582,614 shares of company stock valued at $983,487,717 in the last ninety days. 3.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ANET. BNP Paribas Exane downgraded shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price objective for the company. in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. UBS Group upped their price objective on Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wolfe Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, Evercore ISI upped their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.88.

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.