Equitable Trust Co. Sells 36,312 Shares of Arista Networks, Inc. $ANET

Equitable Trust Co. lessened its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 86.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,663 shares of the technology company’s stock after selling 36,312 shares during the quarter. Equitable Trust Co.’s holdings in Arista Networks were worth $579,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of Arista Networks during the 1st quarter worth about $629,000. Commonwealth Equity Services LLC boosted its stake in Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after purchasing an additional 101,162 shares during the period. Westfield Capital Management Co. LP bought a new stake in Arista Networks during the 1st quarter valued at approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after purchasing an additional 316,309 shares during the period. Finally, Dunhill Financial LLC boosted its stake in Arista Networks by 2,317.5% during the 1st quarter. Dunhill Financial LLC now owns 6,358 shares of the technology company’s stock valued at $493,000 after purchasing an additional 6,095 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. increased their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. KeyCorp increased their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research note on Thursday, September 25th. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.94.

Insider Activity at Arista Networks

In related 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 $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 6,622,904 shares of company stock valued at $887,794,521 in the last three months. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

ANET stock opened at $143.46 on Thursday. The business has a fifty day moving average price of $141.90 and a 200 day moving average price of $110.02. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The stock has a market capitalization of $180.31 billion, a price-to-earnings ratio of 56.43, a P/E/G ratio of 2.89 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released its quarterly earnings results 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. 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 analysts’ expectations of $2.11 billion. During the same period last year, the firm posted $0.53 EPS. The business’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share 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.