Arista Networks, Inc. $ANET Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in shares of Arista Networks, Inc. (NYSE:ANET) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,840 shares of the technology company’s stock after selling 1,300 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Arista Networks were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Leavell Investment Management Inc. acquired a new stake in shares of Arista Networks in the 2nd quarter valued at about $387,000. CVA Family Office LLC boosted its holdings in shares of Arista Networks by 12.2% in the second quarter. CVA Family Office LLC now owns 2,856 shares of the technology company’s stock valued at $292,000 after acquiring an additional 310 shares during the period. Focus Partners Advisor Solutions LLC grew its position in shares of Arista Networks by 24.3% during the second quarter. Focus Partners Advisor Solutions LLC now owns 23,734 shares of the technology company’s stock worth $2,428,000 after acquiring an additional 4,639 shares during the last quarter. Northstar Asset Management Inc. grew its position in shares of Arista Networks by 48.7% during the second quarter. Northstar Asset Management Inc. now owns 22,840 shares of the technology company’s stock worth $2,337,000 after acquiring an additional 7,483 shares during the last quarter. Finally, Leelyn Smith LLC increased its holdings in shares of Arista Networks by 3.5% in the 2nd quarter. Leelyn Smith LLC now owns 26,182 shares of the technology company’s stock valued at $2,679,000 after acquiring an additional 875 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ANET. The Goldman Sachs Group increased their price target on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Piper Sandler increased their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Barclays boosted their price target on Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. KeyCorp increased their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.94.

Arista Networks Trading Up 1.0%

NYSE ANET opened at $154.32 on Monday. The stock has a market capitalization of $193.96 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 3.21 and a beta of 1.47. The business’s 50 day moving average is $143.22 and its two-hundred day moving average is $114.22. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68.

Arista Networks (NYSE:ANET) last posted 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 for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’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. Equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the transaction, the insider owned 12,976 shares in the company, valued at $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,090,040 shares of company stock worth $827,757,115. Corporate insiders own 3.54% of the company’s stock.

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.