Private Trust Co. NA Reduces Holdings in Arista Networks, Inc. $ANET

Private Trust Co. NA trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 8.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,784 shares of the technology company’s stock after selling 695 shares during the period. Private Trust Co. NA’s holdings in Arista Networks were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wealthcare Advisory Partners LLC increased its stake in shares of Arista Networks by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after purchasing an additional 95 shares in the last quarter. 1900 Wealth Management LLC grew its stake in Arista Networks by 2.3% in the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after acquiring an additional 98 shares during the period. Wesbanco Bank Inc. grew its stake in Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after acquiring an additional 100 shares during the period. XML Financial LLC grew its stake in Arista Networks by 0.6% in the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after acquiring an additional 100 shares during the period. Finally, Hemington Wealth Management grew its stake in Arista Networks by 28.2% in the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock worth $46,000 after acquiring an additional 101 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Down 2.0%

Shares of NYSE ANET opened at $143.10 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $162.68. The firm has a fifty day moving average of $142.11 and a 200-day moving average of $111.15. The stock has a market capitalization of $179.86 billion, a PE ratio of 56.28, a P/E/G ratio of 2.98 and a beta of 1.47.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lifted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Wolfe Research lifted their target price 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. Melius Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Finally, KeyCorp lifted their target price on shares of Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Nineteen 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.94.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 6,622,904 shares of company stock worth $887,794,521. Insiders own 3.39% of the company’s stock.

Arista Networks Company 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.