Atria Investments Inc Trims Stock Holdings in Arista Networks, Inc. $ANET

Atria Investments Inc reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 28.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,572 shares of the technology company’s stock after selling 19,721 shares during the quarter. Atria Investments Inc’s holdings in Arista Networks were worth $5,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANET. Cloud Capital Management LLC purchased a new stake in Arista Networks in the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new stake in Arista Networks in the 1st quarter worth about $33,000. REAP Financial Group LLC boosted its stake in Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the last quarter. Costello Asset Management INC boosted its stake in Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after buying an additional 154 shares during the last quarter. Finally, eCIO Inc. acquired a new stake in Arista Networks in the 1st quarter worth about $36,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BNP Paribas raised Arista Networks from a “hold” rating to an “outperform” rating in a research note on Thursday, September 25th. Morgan Stanley set a $171.00 price target on Arista Networks and gave the stock an “overweight” rating in a research note on Friday, October 10th. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Finally, Melius Research raised their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Price Performance

NYSE ANET opened at $157.64 on Friday. The firm has a market capitalization of $198.13 billion, a P/E ratio of 62.00, a P/E/G ratio of 3.37 and a beta of 1.47. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94. The business’s 50-day simple moving average is $145.72 and its 200-day simple moving average is $117.19.

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

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated 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 directly owned 12,976 shares in the company, valued at approximately $1,852,324. This trade represents a 69.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total value of $1,179,920.00. Following the sale, the director owned 41,784 shares in the company, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,325,040 shares of company stock worth $611,632,257. 3.39% of the stock is currently owned by company insiders.

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.