Arista Networks, Inc. $ANET Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. lessened its holdings in Arista Networks, Inc. (NYSE:ANET) by 8.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 22,420 shares of the technology company’s stock after selling 2,127 shares during the period. Phoenix Financial Ltd.’s holdings in Arista Networks were worth $2,292,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ANET. Wealthcare Advisory Partners LLC raised its stake in shares of Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after purchasing an additional 95 shares during the last quarter. 1900 Wealth Management LLC raised its stake in shares of Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after purchasing an additional 98 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of Arista Networks by 2.3% in the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after purchasing an additional 100 shares during the last quarter. XML Financial LLC raised its stake in shares of Arista Networks by 0.6% in the second quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after purchasing an additional 100 shares during the last quarter. Finally, Hemington Wealth Management raised its stake in shares of Arista Networks by 28.2% in the second quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Down 0.4%

ANET stock opened at $145.87 on Wednesday. The company has a market capitalization of $183.34 billion, a PE ratio of 57.37, a P/E/G ratio of 3.05 and a beta of 1.47. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The business’s fifty day moving average price is $142.38 and its 200 day moving average price is $112.24.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data 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. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at $1,852,324. This represents a 69.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,678,904 shares of company stock worth $895,788,521. 3.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ANET. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target for the company in a research report on Thursday, September 25th. Piper Sandler lifted their price target on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, Wells Fargo & Company boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.94.

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.