Profund Advisors LLC Sells 18,754 Shares of Arista Networks, Inc. $ANET

Profund Advisors LLC lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 24.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,243 shares of the technology company’s stock after selling 18,754 shares during the period. Profund Advisors LLC’s holdings in Arista Networks were worth $6,061,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Telos Capital Management Inc. boosted its stake in shares of Arista Networks by 1.0% during the second quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock valued at $947,000 after purchasing an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Arista Networks by 1.6% during the 2nd 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. Putney Financial Group LLC lifted its position in Arista Networks by 0.7% during the 2nd quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company’s stock worth $1,447,000 after acquiring an additional 95 shares during the period. 1900 Wealth Management LLC boosted its position in Arista Networks by 2.3% in the second quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after buying an additional 98 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its position in Arista Networks by 2.3% during the second quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after buying an additional 100 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ANET. KeyCorp lifted their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Melius Research lifted their price objective on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wells Fargo & Company increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup upped their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.31.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the completion of the transaction, the director directly owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. The trade was a 19.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,009,040 shares of company stock worth $294,365,034 over the last 90 days. Company insiders own 3.39% of the company’s stock.

Arista Networks Trading Up 0.4%

Shares of ANET stock opened at $134.62 on Monday. The stock has a 50 day simple moving average of $146.66 and a 200-day simple moving average of $120.11. The company has a market cap of $169.52 billion, a price-to-earnings ratio of 52.95, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share 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.