Arista Networks, Inc. $ANET Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 17.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 80,615 shares of the technology company’s stock after selling 16,538 shares during the period. Arista Networks makes up 2.1% of Capital City Trust Co. FL’s portfolio, making the stock its 12th largest position. Capital City Trust Co. FL’s holdings in Arista Networks were worth $8,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANET. Realta Investment Advisors lifted its position in Arista Networks by 6.3% during the 2nd quarter. Realta Investment Advisors now owns 12,784 shares of the technology company’s stock worth $1,308,000 after acquiring an additional 755 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Arista Networks by 1.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after purchasing an additional 95 shares during the period. BridgePort Financial Solutions LLC purchased a new position in Arista Networks in the 2nd quarter valued at $429,000. Clarius Group LLC increased its stake in Arista Networks by 25.8% in the 2nd quarter. Clarius Group LLC now owns 4,470 shares of the technology company’s stock valued at $457,000 after buying an additional 916 shares during the period. Finally, Penobscot Investment Management Company Inc. raised its position in Arista Networks by 7.8% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 39,073 shares of the technology company’s stock worth $3,998,000 after buying an additional 2,815 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were 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 of the company’s stock, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock worth $894,021,161 in the last 90 days. 3.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ANET. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Arista Networks in a report on Saturday, September 27th. William Blair reissued an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. UBS Group raised their price target on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC upped their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Arista Networks Stock Up 0.7%

Shares of NYSE:ANET opened at $145.51 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32. The company has a market capitalization of $182.88 billion, a P/E ratio of 57.23, a P/E/G ratio of 3.03 and a beta of 1.47. The stock’s fifty day simple moving average is $137.53 and its 200-day simple moving average is $106.51.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side 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.