Nisa Investment Advisors LLC Sells 7,838 Shares of Arista Networks, Inc. $ANET

Nisa Investment Advisors LLC trimmed its holdings in Arista Networks, Inc. (NYSE:ANET) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 227,669 shares of the technology company’s stock after selling 7,838 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arista Networks were worth $23,293,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in Arista Networks by 19.8% in 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 in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks in the first quarter worth approximately $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Arista Networks by 94.8% in the first 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 during the period. Trilogy Capital Inc. grew its position in Arista Networks by 13.7% in the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock worth $1,985,000 after purchasing an additional 3,079 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Arista Networks in the 2nd quarter worth approximately $212,000. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ANET has been the subject of a number of research analyst reports. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research report on Thursday, September 25th. Evercore ISI lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Piper Sandler boosted their price target on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. BNP Paribas upgraded Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Finally, Rosenblatt Securities boosted their target price on shares of Arista Networks from $125.00 to $140.00 and gave the company a “neutral” 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the sale, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,090,040 shares of company stock valued at $827,757,115. 3.54% of the stock is owned by insiders.

Arista Networks Stock Performance

NYSE ANET opened at $154.32 on Monday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The stock has a 50 day moving average price of $143.22 and a 200-day moving average price of $114.22. The company has a market capitalization of $193.96 billion, a P/E ratio of 60.70, a P/E/G ratio of 3.21 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 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 business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $0.53 earnings per share. Arista Networks’s quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

About Arista Networks

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.