VestGen Advisors LLC Lowers Stock Position in Arista Networks, Inc. $ANET

VestGen Advisors LLC reduced its position in shares of Arista Networks, Inc. (NYSE:ANET) by 28.8% during the second quarter, Holdings Channel reports. The firm owned 34,580 shares of the technology company’s stock after selling 13,992 shares during the period. VestGen Advisors LLC’s holdings in Arista Networks were worth $3,538,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ANET. Saudi Central Bank bought a new position in shares of Arista Networks during the 1st quarter worth approximately $33,000. REAP Financial Group LLC lifted its holdings 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. Costello Asset Management INC grew 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 valued at $35,000 after purchasing an additional 154 shares during the period. eCIO Inc. bought a new position in Arista Networks in the 1st quarter valued at $36,000. Finally, Solstein Capital LLC increased its position in shares of Arista Networks by 493.8% during the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after purchasing an additional 316 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ANET shares. Wolfe Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Melius Research increased their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, Barclays reiterated an “overweight” rating and issued a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the sale, the director directly owned 33,784 shares in the company, valued at $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $117.15, for a total transaction of $49,437.30. Following the completion of the sale, the director directly owned 8,980 shares in the company, valued at approximately $1,052,007. The trade was a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,009,464 shares of company stock valued at $293,774,712. 3.39% of the stock is owned by company insiders.

Arista Networks Trading Up 2.8%

Shares of ANET stock opened at $131.25 on Monday. The firm’s 50 day moving average is $142.06 and its 200 day moving average is $124.43. The stock has a market capitalization of $165.28 billion, a P/E ratio of 51.62, a PEG ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks’s revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.