Arista Networks, Inc. $ANET Stake Cut by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC reduced its holdings in Arista Networks, Inc. (NYSE:ANET) by 23.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,170 shares of the technology company’s stock after selling 3,817 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Arista Networks were worth $1,248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. HighMark Wealth Management LLC raised its stake in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks during the 1st quarter worth about $30,000. Saudi Central Bank purchased a new stake in shares of Arista Networks during the 1st quarter worth about $33,000. Tradewinds Capital Management LLC raised its stake in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after purchasing an additional 143 shares in the last quarter. Finally, Costello Asset Management INC raised its stake in shares of Arista Networks by 51.3% during the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after purchasing an additional 154 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Trading Up 1.9%

Shares of NYSE:ANET opened at $149.51 on Friday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The firm has a market capitalization of $187.91 billion, a PE ratio of 58.80, a PEG ratio of 3.06 and a beta of 1.50. The business’s 50 day moving average is $130.85 and its 200-day moving average is $102.07.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm earned $0.53 EPS. Arista Networks’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, sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

ANET has been the subject of a number of recent research reports. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Needham & Company LLC raised their price target on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Wedbush began coverage on Arista Networks in a report on Wednesday, May 28th. They set an “outperform” rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks has an average rating of “Moderate Buy” and an average price target of $157.88.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.80, for a total transaction of $3,686,800.00. Following the completion of the transaction, the insider owned 562,400 shares in the company, valued at $79,748,320. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the transaction, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,582,614 shares of company stock worth $983,487,717 in the last three months. 3.39% of the stock is owned by insiders.

Arista Networks 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.