Arista Networks, Inc. $ANET Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Arista Networks, Inc. (NYSE:ANET) by 25.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 343,568 shares of the technology company’s stock after selling 117,488 shares during the period. Vontobel Holding Ltd.’s holdings in Arista Networks were worth $35,150,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. REAP Financial Group LLC grew its position in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares during the last quarter. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in Arista Networks during the 1st quarter worth $30,000. Saudi Central Bank purchased a new stake in shares of Arista Networks in the first quarter valued at about $33,000. Finally, Costello Asset Management INC raised its holdings in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE:ANET opened at $157.37 on Thursday. The stock has a fifty day moving average price of $139.41 and a two-hundred day moving average price of $107.74. The stock has a market capitalization of $197.79 billion, a price-to-earnings ratio of 61.90, a PEG ratio of 3.03 and a beta of 1.47. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $158.51.

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

Analyst Ratings Changes

Several brokerages recently issued reports on ANET. KeyCorp boosted their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday. Evercore ISI increased their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective for the company in a research report on Thursday, September 25th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Insider Activity

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares of the company’s stock, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $185,319,098.64. Following the completion of 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. In the last three months, insiders sold 6,678,904 shares of company stock worth $894,021,161. Company 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.