BankPlus Trust Department Trims Position in Arista Networks, Inc. $ANET

BankPlus Trust Department cut its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 32.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 389 shares of the technology company’s stock after selling 183 shares during the period. BankPlus Trust Department’s holdings in Arista Networks were worth $40,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Independent Solutions Wealth Management LLC increased its stake in shares of Arista Networks by 0.8% during the second quarter. Independent Solutions Wealth Management LLC now owns 31,269 shares of the technology company’s stock valued at $3,199,000 after buying an additional 262 shares during the period. Shell Asset Management Co. grew its stake in Arista Networks by 47.8% in the second quarter. Shell Asset Management Co. now owns 20,192 shares of the technology company’s stock worth $2,066,000 after purchasing an additional 6,533 shares during the period. Joel Isaacson & Co. LLC bought a new position in Arista Networks in the second quarter worth $250,000. True Vision MN LLC lifted its position in Arista Networks by 2.2% during the second quarter. True Vision MN LLC now owns 6,128 shares of the technology company’s stock valued at $627,000 after buying an additional 129 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Arista Networks by 3.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 519,900 shares of the technology company’s stock valued at $53,191,000 after buying an additional 16,500 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANET. Evercore ISI increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Barclays boosted their price target on Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Finally, William Blair reiterated an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $157.37 on Thursday. The company has a market cap of $197.79 billion, a P/E 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. The stock’s fifty day moving average price is $139.41 and its 200-day moving average price is $107.74.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for 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 company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 6,678,904 shares of company stock worth $894,021,161 over the last 90 days. Corporate insiders own 3.39% of the company’s stock.

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.