Arista Networks, Inc. $ANET Shares Sold by SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 29.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,252 shares of the technology company’s stock after selling 1,354 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings in Arista Networks were worth $333,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in shares of Arista Networks in the 1st quarter valued at approximately $33,000. REAP Financial Group LLC increased its holdings in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares during the last quarter. Costello Asset Management INC raised its position in Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after purchasing an additional 154 shares during the period. eCIO Inc. acquired a new position in Arista Networks during the first quarter worth $36,000. Finally, Solstein Capital LLC lifted its stake in Arista Networks by 493.8% during the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ANET shares. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wolfe Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. 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 report on Friday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Barclays reaffirmed an “overweight” rating and set a $183.00 target price (up from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Stock Performance

ANET opened at $124.62 on Thursday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The company has a market cap of $156.93 billion, a P/E ratio of 49.01, a PEG ratio of 3.37 and a beta of 1.48. The business’s 50-day simple moving average is $145.01 and its 200-day simple moving average is $122.56.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. As a group, analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In other Arista Networks news, 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 value 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 $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. The trade was a 69.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,009,040 shares of company stock worth $293,922,634. 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.