Versor Investments LP Trims Position in Arista Networks, Inc. $ANET

Versor Investments LP lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 63.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,895 shares of the technology company’s stock after selling 15,445 shares during the period. Versor Investments LP’s holdings in Arista Networks were worth $910,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank purchased a new position in Arista Networks during the 1st quarter valued at about $33,000. REAP Financial Group LLC increased its position in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares during the period. Costello Asset Management INC increased its position in Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. Finally, eCIO Inc. purchased a new position in Arista Networks during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 0.5%

Shares of NYSE ANET opened at $157.64 on Monday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The company has a 50 day simple moving average of $145.72 and a two-hundred day simple moving average of $117.50. The stock has a market cap of $198.13 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 3.37 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ANET. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. Barclays lifted their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. KeyCorp lifted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Needham & Company LLC lifted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $163.94.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’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 sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,325,040 shares of company stock valued at $611,632,257. 3.39% of the stock is owned by corporate insiders.

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.