Cavalier Investments LLC Sells 276 Shares of Arista Networks, Inc. $ANET

Cavalier Investments LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,652 shares of the technology company’s stock after selling 276 shares during the quarter. Cavalier Investments LLC’s holdings in Arista Networks were worth $1,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the last quarter. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC bought a new position in Arista Networks in the first quarter valued at approximately $30,000. Saudi Central Bank bought a new position in Arista Networks in the first quarter valued at approximately $33,000. Finally, Costello Asset Management INC boosted its stake 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 acquiring an additional 154 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the sale, the director directly owned 41,784 shares in the company, valued at $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The sale 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 on Friday, October 17th. The stock was sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $1,852,324. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,678,904 shares of company stock worth $895,788,521 over the last ninety days. Company insiders own 3.54% of the company’s stock.

Arista Networks Stock Down 0.4%

Shares of NYSE ANET opened at $145.87 on Wednesday. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $162.68. The company’s fifty day moving average is $142.38 and its 200-day moving average is $112.24. The stock has a market cap of $183.34 billion, a price-to-earnings ratio of 57.37, a P/E/G ratio of 3.05 and a beta of 1.47.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data 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 analyst estimates of $2.11 billion. During the same period last year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ANET. Melius Research raised their price objective 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. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price objective on the stock in a research note on Thursday, September 25th. Evercore ISI lifted 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. William Blair reissued an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Finally, Rosenblatt Securities lifted their price target on shares of Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.94.

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.