Arista Networks, Inc. $ANET Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 21.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 365 shares of the technology company’s stock after selling 100 shares during the quarter. Ameriflex Group Inc.’s holdings in Arista Networks were worth $37,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ibex Wealth Advisors increased its position in shares of Arista Networks by 14.4% in the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock worth $4,501,000 after purchasing an additional 7,329 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Arista Networks in the first quarter valued at about $629,000. Commonwealth Equity Services LLC lifted its holdings 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 worth $47,519,000 after buying an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Arista Networks in the 1st quarter worth approximately $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Arista Networks by 94.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after acquiring an additional 316,309 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock valued at $894,021,161 over the last 90 days. 3.54% of the stock is currently owned by company insiders.

Arista Networks Trading Up 0.7%

ANET opened at $145.51 on Monday. The business’s 50 day moving average is $137.53 and its 200-day moving average 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 twelve month low of $59.43 and a twelve month high of $156.32.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ANET shares. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Barclays raised their price target 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. Melius Research increased their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Evercore ISI lifted their target price on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, Rosenblatt Securities upped their target price on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $162.00.

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.