Arista Networks, Inc. $ANET Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 41,100 shares of the technology company’s stock after selling 2,500 shares during the period. Icon Advisers Inc. Co.’s holdings in Arista Networks were worth $4,205,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Arista Networks by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after buying an additional 1,136,167 shares during the last quarter. Geode Capital Management LLC raised its stake in Arista Networks by 0.5% during the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock worth $2,606,694,000 after acquiring an additional 128,977 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the last quarter. Nuveen LLC bought a new stake in shares of Arista Networks in the 1st quarter worth approximately $933,626,000. Finally, Norges Bank acquired a new position in Arista Networks during the 2nd quarter valued at approximately $1,228,177,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Up 2.8%

Shares of ANET stock opened at $131.25 on Friday. The stock has a 50-day simple moving average of $142.06 and a 200 day simple moving average of $124.25. The stock has a market capitalization of $165.28 billion, a P/E ratio of 51.62, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company earned $2.40 EPS. Arista Networks’s revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 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 Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total value of $2,994,431.10. Following the transaction, the chief executive officer owned 9,917 shares of the company’s stock, valued at approximately $1,235,162.35. This represents a 70.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $117.15, for a total value of $49,437.30. Following the sale, the director owned 8,980 shares of the company’s stock, valued at $1,052,007. This trade represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,009,464 shares of company stock valued at $293,774,712. 3.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $145.00 target price (up from $143.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Rosenblatt Securities restated a “neutral” rating and issued a $140.00 target price on shares of Arista Networks in a research report on Monday, November 24th. Melius Research raised their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Barclays reiterated an “overweight” rating and set a $183.00 price objective (up from $179.00) on shares of Arista Networks in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company raised their target price on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

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.