Arista Networks, Inc. $ANET Shares Sold by Community Financial Services Group LLC

Community Financial Services Group LLC reduced its holdings in Arista Networks, Inc. (NYSE:ANET) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,482 shares of the technology company’s stock after selling 260 shares during the quarter. Community Financial Services Group LLC’s holdings in Arista Networks were worth $3,835,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ANET. Brighton Jones LLC increased its stake in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC purchased a new position in Arista Networks in the 4th quarter valued at approximately $251,000. NBC Securities Inc. purchased a new position in Arista Networks in the 1st quarter valued at approximately $84,000. Finally, Merit Financial Group LLC increased its stake in Arista Networks by 113.0% in the 1st quarter. Merit Financial Group LLC now owns 51,629 shares of the technology company’s stock valued at $4,000,000 after purchasing an additional 27,387 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks 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 disclosure for this sale can be found here. Insiders sold a total of 6,670,904 shares of company stock valued at $892,841,241 over the last quarter. Company insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 2.5%

Shares of NYSE:ANET opened at $149.32 on Thursday. The company has a market cap of $187.67 billion, a P/E ratio of 58.73, a P/E/G ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The business has a fifty day simple moving average of $136.30 and a 200-day simple moving average of $105.52.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 EPS 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%.The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side 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 analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note 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. Wolfe Research raised their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Morgan Stanley raised their price target on Arista Networks from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, UBS Group raised their price target on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.