11,620 Arista Networks, Inc. $ANET Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC decreased its stake in Arista Networks, Inc. (NYSE:ANET) by 11.6% in the third quarter, HoldingsChannel reports. The firm owned 88,591 shares of the technology company’s stock after selling 11,620 shares during the period. Arista Networks accounts for 1.0% of Private Advisory Group LLC’s holdings, making the stock its 24th biggest position. Private Advisory Group LLC’s holdings in Arista Networks were worth $18,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Opus Financial Solutions LLC purchased a new stake in shares of Arista Networks in the 3rd quarter valued at approximately $222,000. Eurizon Capital SGR S.p.A. raised its stake in Arista Networks by 67.6% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 559,488 shares of the technology company’s stock valued at $113,878,000 after purchasing an additional 225,572 shares during the period. Werba Rubin Papier Wealth Management lifted its holdings in shares of Arista Networks by 24.6% in the third quarter. Werba Rubin Papier Wealth Management now owns 1,480 shares of the technology company’s stock valued at $301,000 after purchasing an additional 292 shares in the last quarter. Pier 88 Investment Partners LLC purchased a new position in shares of Arista Networks during the third quarter valued at $61,000. Finally, CENTRAL TRUST Co grew its stake in Arista Networks by 21.6% during the 3rd quarter. CENTRAL TRUST Co now owns 6,333 shares of the technology company’s stock valued at $1,289,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Mark Templeton sold 5,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $165.85, for a total value of $829,250.00. Following the completion of the sale, the director directly owned 43,410 shares in the company, valued at $7,199,548.50. The trade was a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the completion of the sale, the chief executive officer directly owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. This represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,067,489 shares of company stock valued at $406,340,373. Insiders own 2.70% of the company’s stock.

Top Arista Networks Stories

Here are a few of the latest stories about ANET:

• Positive Sentiment: Arista beat Q3 expectations: revenue rose 58.5% year over year to $3.66 billion, and EPS of $1.20 topped the $1.08 consensus. Management forecast Q4 revenue of $3.9 billion to $4.0 billion, extending the growth outlook. Arista Networks guides higher
• Positive Sentiment: Analyst support is constructive: Piper Sandler’s James Fish called Arista a top pick, while KeyCorp raised earnings estimates and maintained an Overweight rating with a $250 target. A separate analyst-target survey indicated potential upside, though such targets are not guarantees. Piper Sandler’s Arista outlook KeyCorp estimate update
• Negative Sentiment: Valuation is a key concern after the strong run: one analysis asks whether the stock is overvalued despite improved guidance. Reports also flag substantial co-founder share sales; these may not necessarily signal a change in business outlook, but could weigh on sentiment. Arista valuation analysis Co-founder stock sales

Arista Networks Price Performance

ANET opened at $206.67 on Friday. The company has a market capitalization of $261.11 billion, a PE ratio of 55.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.61. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The business has a 50-day moving average of $192.77 and a 200-day moving average of $166.84.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The firm’s quarterly revenue was up 58.5% compared to the same quarter last year. On average, equities research analysts expect that Arista Networks, Inc. will post 4.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Wells Fargo & Company reiterated an “overweight” rating and issued a $245.00 target price (down from $255.00) on shares of Arista Networks in a research report on Wednesday, November 4th. Morgan Stanley reissued an “overweight” rating and set a $230.00 target price (up from $220.00) on shares of Arista Networks in a research note on Wednesday, November 4th. Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $225.00 price target on shares of Arista Networks in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $240.24.

About Arista Networks

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.