3,122 Arista Networks, Inc. $ANET Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,663 shares of the technology company’s stock after selling 3,122 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Arista Networks were worth $12,147,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp grew its stake in Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after acquiring an additional 74,541,134 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Arista Networks in the 2nd quarter worth approximately $1,101,860,000. Envestnet Asset Management Inc. lifted its stake in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after purchasing an additional 6,409,612 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Arista Networks in the 2nd quarter worth approximately $537,736,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after purchasing an additional 2,497,275 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

Shares of ANET opened at $196.81 on Thursday. The firm’s 50 day simple moving average is $192.35 and its 200 day simple moving average is $166.53. The company has a market capitalization of $248.65 billion, a P/E ratio of 52.91, a P/E/G ratio of 1.65 and a beta of 1.61. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $0.75 earnings per share. Arista Networks’s revenue for the quarter was up 58.5% on a year-over-year basis. On average, equities analysts anticipate that Arista Networks, Inc. will post 4.01 earnings per share for the current year.

Key Stories Impacting Arista Networks

These are some of the ANET stories that stood out recently:

• Positive Sentiment: Recent quarterly results beat expectations, with revenue up 58.5% year over year, while management’s approximately $18.5 billion fiscal 2027 revenue forecast points to sustained demand. Arista Networks: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Co-founder Andreas Bechtolsheim has sold about $668 million of shares since May, but reports say the transactions were made under a pre-arranged trading plan. He retains a very large stake, which may temper concerns that the sales signal a change in outlook. Arista’s Co-Founder Has Sold About $668 Million of Stock Since May
• Negative Sentiment: A wider AI-stock sell-off remains a near-term risk, and Arista underperformed some competitors despite rising in Wednesday’s session. Sector volatility could limit gains even as company-specific fundamentals remain strong. Arista Networks stock underperforms competitors despite gains

Insider Activity

In related news, CFO Chantelle Breithaupt sold 1,224 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total value of $263,160.00. Following the completion of the transaction, the chief financial officer directly owned 68,697 shares in the company, valued at approximately $14,769,855. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $180.91, for a total value of $3,135,713.03. Following the completion of the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $2,347,488.16. This represents a 57.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,067,489 shares of company stock worth $406,340,373. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. TD Cowen decreased their price target on shares of Arista Networks from $250.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Melius Research set a $305.00 price objective on Arista Networks in a research report on Wednesday, November 4th. Sanford C. Bernstein assumed coverage on Arista Networks in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price objective on the stock. Finally, Barclays dropped their price objective on Arista Networks from $289.00 to $236.00 and set an “overweight” rating for the company in a research note on Wednesday, November 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $240.24.

Arista Networks Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.