Triasima Portfolio Management inc. Sells 45,502 Shares of Arista Networks, Inc. $ANET

Triasima Portfolio Management inc. reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 85.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,650 shares of the technology company’s stock after selling 45,502 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Arista Networks were worth $783,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in 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 purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Arista Networks during the fourth quarter worth $202,000. Bison Wealth LLC bought a new stake in Arista Networks during the fourth quarter worth $251,000. NBC Securities Inc. bought a new stake in Arista Networks during the first quarter worth $84,000. Finally, Gateway Investment Advisers LLC lifted its stake in Arista Networks by 37.7% during the first quarter. Gateway Investment Advisers LLC now owns 9,340 shares of the technology company’s stock worth $724,000 after purchasing an additional 2,559 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Down 2.9%

NYSE ANET opened at $145.12 on Wednesday. The company has a market capitalization of $182.40 billion, a price-to-earnings ratio of 57.08, a PEG ratio of 3.12 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The stock has a fifty day simple moving average of $138.70 and a 200 day simple moving average of $107.40.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.Arista Networks’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Rosenblatt Securities upped their target price on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a research note on Saturday, September 27th. Finally, Piper Sandler upped their target price on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 26,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.80, for a total transaction of $3,686,800.00. Following the sale, the insider owned 562,400 shares of the company’s stock, valued at approximately $79,748,320. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,678,904 shares of company stock valued at $894,021,161. 3.54% of the stock is currently owned by insiders.

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.