Global Assets Advisory LLC Reduces Stake in Arista Networks, Inc. $ANET

Global Assets Advisory LLC lessened its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 60.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,311 shares of the technology company’s stock after selling 8,113 shares during the quarter. Global Assets Advisory LLC’s holdings in Arista Networks were worth $525,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew 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 last quarter. 1900 Wealth Management LLC grew its stake in Arista Networks by 2.3% during the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after buying an additional 98 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after buying an additional 100 shares during the last quarter. XML Financial LLC increased its position in Arista Networks by 0.6% during the second quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after buying an additional 100 shares during the period. Finally, CX Institutional lifted its stake in Arista Networks by 1.4% in the second quarter. CX Institutional now owns 7,703 shares of the technology company’s stock valued at $788,000 after buying an additional 110 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the sale, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $145.51 on Monday. The business’s fifty day moving average price is $137.53 and its two-hundred day moving average price is $106.67. The stock has a market cap of $182.88 billion, a PE ratio of 57.23, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $156.32.

Arista Networks (NYSE:ANET) last released its quarterly earnings results 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. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue for the quarter 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 research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ANET. Morgan Stanley lifted their target price on shares of Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, September 12th. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective on the stock in a research note on Thursday, September 25th. Needham & Company LLC increased their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their price objective on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

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.