Keybank National Association OH Sells 2,024 Shares of Arista Networks, Inc. $ANET

Keybank National Association OH decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,784 shares of the technology company’s stock after selling 2,024 shares during the quarter. Keybank National Association OH’s holdings in Arista Networks were worth $14,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC bought a new stake in Arista Networks during the 4th quarter worth approximately $251,000. Golden State Wealth Management LLC increased its holdings in Arista Networks by 564.6% during the 1st quarter. Golden State Wealth Management LLC now owns 4,732 shares of the technology company’s stock worth $367,000 after purchasing an additional 4,020 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in Arista Networks by 11.9% during the 1st quarter. DAVENPORT & Co LLC now owns 30,196 shares of the technology company’s stock worth $2,340,000 after purchasing an additional 3,219 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports 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 report on Thursday, September 25th. KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. Piper Sandler upped their target price on shares of Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Citigroup upped their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,325,040 shares of company stock worth $611,632,257. 3.39% of the stock is owned by company insiders.

Arista Networks Stock Down 2.2%

Arista Networks stock opened at $158.51 on Friday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The firm has a 50 day moving average price of $145.24 and a 200-day moving average price of $116.30. The company has a market capitalization of $199.23 billion, a P/E ratio of 62.35, a P/E/G ratio of 3.37 and a beta of 1.47.

Arista Networks (NYSE:ANET) last announced 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 return on equity of 31.05% and a net margin of 40.90%.The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company earned $0.53 earnings per share. Arista Networks’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks Company 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.