Arista Networks, Inc. $ANET Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 10.2% in the 2nd quarter, Holdings Channel reports. The fund owned 8,407 shares of the technology company’s stock after selling 957 shares during the quarter. Wedbush Securities Inc.’s holdings in Arista Networks were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ANET. Nuveen LLC purchased a new stake in shares of Arista Networks during the first quarter worth approximately $933,626,000. AQR Capital Management LLC grew its position in Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock valued at $584,119,000 after buying an additional 4,678,372 shares during the last quarter. Nordea Investment Management AB increased its stake in Arista Networks by 193.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after buying an additional 4,656,021 shares during the period. Goldman Sachs Group Inc. raised its position in Arista Networks by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after buying an additional 2,594,184 shares during the last quarter. Finally, Amundi lifted its stake in shares of Arista Networks by 35.3% in the 1st quarter. Amundi now owns 8,582,109 shares of the technology company’s stock worth $611,852,000 after acquiring an additional 2,240,045 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ANET. Melius Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Erste Group Bank lowered Arista Networks from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company increased their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. raised their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction on 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 completion of 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 filing with the SEC, which is available through this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,009,040 shares of company stock worth $294,365,034 over the last 90 days. 3.39% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 2.1%

ANET stock opened at $137.44 on Tuesday. The firm has a 50 day moving average of $146.68 and a 200-day moving average of $120.55. The company has a market cap of $173.08 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $164.94.

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

Arista Networks Company 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.