Seeds Investor LLC Sells 603 Shares of Arista Networks, Inc. $ANET

Seeds Investor LLC cut its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,081 shares of the technology company’s stock after selling 603 shares during the period. Seeds Investor LLC’s holdings in Arista Networks were worth $827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in Arista Networks during the first quarter valued at $933,626,000. AQR Capital Management LLC boosted its position in Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after purchasing an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Arista Networks by 193.3% during the 2nd quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after purchasing an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock valued at $740,126,000 after purchasing an additional 2,594,184 shares during the period. Finally, Amundi increased its position in shares of Arista Networks by 35.3% during the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock valued at $611,852,000 after purchasing an additional 2,240,045 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ANET. Citigroup raised their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Needham & Company LLC boosted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Piper Sandler reaffirmed a “neutral” rating and issued a $145.00 target price (up from $143.00) on shares of Arista Networks in a report on Wednesday, November 5th. Finally, Melius Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $119.69 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The company has a market capitalization of $150.73 billion, a P/E ratio of 47.08, a P/E/G ratio of 3.37 and a beta of 1.48. The company has a fifty day moving average of $144.34 and a 200 day moving average of $122.54.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion for 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%.The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. Analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,852,324. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,009,040 shares of company stock valued at $293,922,634. Corporate insiders own 3.39% of the company’s stock.

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.