Arista Networks, Inc. $ANET Stock Position Trimmed by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 243,010 shares of the technology company’s stock after selling 9,835 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Arista Networks were worth $24,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ANET. Telos Capital Management Inc. grew its stake in shares of Arista Networks by 1.0% in the second quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock worth $947,000 after purchasing an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake 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 valued at $618,000 after buying an additional 95 shares during the period. Putney Financial Group LLC increased its stake 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 valued at $1,447,000 after buying an additional 95 shares during the period. 1900 Wealth Management LLC raised its position in shares of Arista Networks by 2.3% during the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after buying an additional 98 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after acquiring an additional 100 shares during the period. 82.47% of the stock is owned by institutional investors.

Arista Networks Price Performance

Arista Networks stock opened at $130.13 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The firm’s 50 day simple moving average is $146.39 and its 200-day simple moving average is $121.11. The company has a market cap of $163.87 billion, a P/E ratio of 51.18, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,852,324. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,009,040 shares of company stock valued at $294,365,034. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ANET shares. Melius Research boosted their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Citigroup boosted their price target on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Evercore ISI upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

About Arista Networks

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.