Whipplewood Advisors LLC Sells 40,794 Shares of Arista Networks, Inc. $ANET

Whipplewood Advisors LLC lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 98.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 818 shares of the technology company’s stock after selling 40,794 shares during the period. Whipplewood Advisors LLC’s holdings in Arista Networks were worth $84,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Arista Networks by 1.8% during the first quarter. Vanguard Group Inc. now owns 97,856,933 shares of the technology company’s stock worth $7,581,955,000 after acquiring an additional 1,771,982 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares in the last quarter. Nuveen LLC bought a new stake in Arista Networks during the first quarter worth about $933,626,000. Northern Trust Corp boosted its stake in Arista Networks by 3.7% during the first quarter. Northern Trust Corp now owns 10,315,493 shares of the technology company’s stock worth $799,244,000 after acquiring an additional 372,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after acquiring an additional 2,594,184 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’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 transaction 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 approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold 6,090,040 shares of company stock valued at $827,757,115 over the last three months. 3.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ANET has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Wolfe Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Barclays upped their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.94.

Arista Networks Stock Up 1.0%

ANET opened at $154.32 on Monday. The firm has a 50 day moving average price of $143.22 and a 200-day moving average price of $114.22. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The stock has a market capitalization of $193.96 billion, a price-to-earnings ratio of 60.70, a PEG 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 earnings per share 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 company earned $0.53 earnings per share. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current 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.