Arista Networks, Inc. $ANET Stock: Curated Wealth Partners LLC Reduces Stake

Curated Wealth Partners LLC lessened its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 99.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,593 shares of the technology company’s stock after selling 8,073,864 shares during the period. Curated Wealth Partners LLC’s holdings in Arista Networks were worth $3,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANET. Davidson Trust Co. bought a new position in shares of Arista Networks in the 3rd quarter worth $3,512,000. Deutsche Bank AG lifted its position in shares of Arista Networks by 4.3% during the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after buying an additional 388,354 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Arista Networks by 2,827.9% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock valued at $10,664,000 after acquiring an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of Arista Networks in the first quarter worth about $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. increased its holdings in shares of Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock worth $2,862,000 after purchasing an additional 14,310 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANET has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial increased their price objective on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a research note on Monday, August 31st. They set a “buy” rating and a $220.00 target price on the stock. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Get Our Latest Report on Arista Networks

Arista Networks Stock Down 6.4%

NYSE:ANET traded down $12.42 on Thursday, hitting $183.00. The stock had a trading volume of 5,843,746 shares, compared to its average volume of 7,857,899. The stock has a market cap of $230.80 billion, a price-to-earnings ratio of 57.82, a price-to-earnings-growth ratio of 2.38 and a beta of 1.60. The business’s 50-day simple moving average is $198.83 and its two-hundred day simple moving average is $173.87. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41.

Arista Networks (NYSE:ANET – Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.79 EPS for the current year.

Insider Transactions at Arista Networks

In related news, Director Mark Templeton sold 5,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the transaction, the director owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. This trade represents a 9.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $2,640,616. This represents a 57.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,627,449 shares of company stock worth $740,784,723. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Profile

(Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.

Further Reading

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Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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