Freedom Investment Management Inc. Cuts Position in Arista Networks, Inc. $ANET

Freedom Investment Management Inc. decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 8.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,406 shares of the technology company’s stock after selling 776 shares during the quarter. Freedom Investment Management Inc.’s holdings in Arista Networks were worth $860,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ANET. HighMark Wealth Management LLC grew its holdings 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 purchasing an additional 230 shares during the period. Cloud Capital Management LLC purchased a new stake in Arista Networks in the 1st quarter worth $30,000. Saudi Central Bank purchased a new stake in Arista Networks in the 1st quarter worth $33,000. REAP Financial Group LLC raised its position in Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares during the period. Finally, Tradewinds Capital Management LLC lifted its holdings in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock valued at $35,000 after purchasing an additional 143 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Trading Up 1.0%

ANET stock opened at $154.32 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $162.68. The stock has a market cap of $193.96 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 3.18 and a beta of 1.47. The business’s 50-day moving average is $143.22 and its 200 day moving average is $113.64.

Arista Networks (NYSE:ANET) last released its 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. 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 company posted $0.53 EPS. The business’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,785,165 shares of the firm’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 transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,617,342 shares of company stock worth $888,707,954 over the last three months. Corporate insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Rosenblatt Securities lifted their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, KeyCorp lifted their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

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.