Mutual of America Capital Management LLC Sells 2,421 Shares of Arista Networks, Inc. $ANET

Mutual of America Capital Management LLC reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,043 shares of the technology company’s stock after selling 2,421 shares during the period. Mutual of America Capital Management LLC’s holdings in Arista Networks were worth $13,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighMark Wealth Management LLC increased its position in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after buying an additional 230 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Arista Networks in the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the first quarter valued at approximately $33,000. REAP Financial Group LLC increased its holdings 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 valued at $34,000 after acquiring an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its position in shares of Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after purchasing an additional 143 shares during the period. Institutional investors own 82.47% of the company’s stock.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares in the company, valued at approximately $6,162,722.16. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,622,904 shares of company stock valued at $887,794,521 in the last ninety days. 3.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ANET. Wells Fargo & Company lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. The Goldman Sachs Group lifted their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, Wolfe Research lifted their price target on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $163.94.

Arista Networks Stock Performance

Arista Networks stock opened at $143.10 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $162.68. The firm’s 50-day simple moving average is $142.11 and its 200 day simple moving average is $111.15. The stock has a market cap of $179.86 billion, a PE ratio of 56.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm 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 company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

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.