Arista Networks, Inc. $ANET Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,948 shares of the technology company’s stock after selling 320 shares during the period. Cromwell Holdings LLC’s holdings in Arista Networks were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ibex Wealth Advisors grew its holdings in shares of Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company’s stock worth $4,501,000 after buying an additional 7,329 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Arista Networks during the first quarter worth about $629,000. Commonwealth Equity Services LLC grew its holdings in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after buying an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Arista Networks during the first quarter worth about $15,227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Arista Networks by 94.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock worth $50,363,000 after buying an additional 316,309 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ANET. Morgan Stanley boosted their target price on shares of Arista Networks from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Barclays boosted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a report on Thursday, September 25th. William Blair restated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Finally, Piper Sandler boosted their target price on shares of Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Arista Networks Trading Down 3.2%

NYSE ANET opened at $144.55 on Friday. The company’s fifty day simple moving average is $136.91 and its 200-day simple moving average is $105.93. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32. The stock has a market cap of $181.68 billion, a P/E ratio of 56.85, a PEG ratio of 3.11 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 analysts’ consensus estimates of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,670,904 shares of company stock valued at $892,841,241 over the last ninety days. Corporate insiders own 3.39% of the company’s stock.

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.