Arista Networks, Inc. $ANET Stock Holdings Lessened by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,126 shares of the technology company’s stock after selling 371 shares during the period. Koshinski Asset Management Inc.’s holdings in Arista Networks were worth $4,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ANET. Sowell Financial Services LLC acquired a new stake in Arista Networks during the 1st quarter valued at $629,000. Commonwealth Equity Services LLC raised its stake in Arista Networks by 19.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock valued at $47,519,000 after purchasing an additional 101,162 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Arista Networks during the 1st quarter valued at $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Arista Networks by 94.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company’s stock valued at $50,363,000 after purchasing an additional 316,309 shares during the period. Finally, Trilogy Capital Inc. raised its stake in Arista Networks by 13.7% during the 1st quarter. Trilogy Capital Inc. now owns 25,625 shares of the technology company’s stock valued at $1,985,000 after purchasing an additional 3,079 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Arista Networks stock opened at $143.10 on Friday. The company has a market capitalization of $179.86 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 3.04 and a beta of 1.47. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $162.68. The company’s fifty day moving average price is $142.11 and its two-hundred day moving average price is $110.94.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate 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 net margin of 40.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the 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 directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 6,622,904 shares of company stock worth $887,794,521 over the last 90 days. Corporate insiders own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ANET. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. BNP Paribas raised shares of Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. UBS Group upped their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. BNP Paribas Exane raised shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.