Bar Harbor Wealth Management Sells 696 Shares of Arista Networks, Inc. $ANET

Bar Harbor Wealth Management trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 47,140 shares of the technology company’s stock after selling 696 shares during the quarter. Bar Harbor Wealth Management’s holdings in Arista Networks were worth $4,823,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ANET. Brighton Jones LLC lifted its holdings in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks in the fourth quarter valued at about $202,000. Bison Wealth LLC bought a new stake in shares of Arista Networks in the fourth quarter valued at about $251,000. NBC Securities Inc. bought a new stake in shares of Arista Networks in the first quarter valued at about $84,000. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Arista Networks by 29.2% in the first quarter. Capital Investment Advisors LLC now owns 4,845 shares of the technology company’s stock valued at $375,000 after purchasing an additional 1,095 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares of the company’s stock, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last 90 days. 3.39% of the stock is owned by insiders.

Arista Networks Stock Up 8.3%

Shares of NYSE ANET opened at $157.37 on Thursday. The business’s 50 day moving average price is $139.41 and its two-hundred day moving average price is $107.74. The company has a market cap of $197.79 billion, a PE ratio of 61.90, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $158.51.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

ANET has been the topic of several analyst reports. KeyCorp upped their target price on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company upped their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Rosenblatt Securities upped their target price on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Piper Sandler upped their target price on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Wolfe Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

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.