Arista Networks, Inc. $ANET Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,101,004 shares of the technology company’s stock after selling 36,571 shares during the period. Fifth Third Bancorp’s holdings in Arista Networks were worth $224,153,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Maryland State Retirement & Pension System raised its stake in Arista Networks by 12.9% during the third quarter. Maryland State Retirement & Pension System now owns 63,766 shares of the technology company’s stock valued at $12,982,000 after buying an additional 7,310 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Arista Networks by 8.5% in the 3rd quarter. Ritholtz Wealth Management now owns 21,483 shares of the technology company’s stock worth $4,374,000 after acquiring an additional 1,677 shares in the last quarter. NBH Bank grew its position in shares of Arista Networks by 6.7% in the 3rd quarter. NBH Bank now owns 2,886 shares of the technology company’s stock worth $588,000 after acquiring an additional 180 shares in the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of Arista Networks by 4.5% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,494 shares of the technology company’s stock valued at $711,000 after acquiring an additional 150 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in shares of Arista Networks by 93.4% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,381 shares of the technology company’s stock valued at $281,000 after acquiring an additional 667 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks News Summary

These are some of the ANET news items that stood out recently:

• Positive Sentiment: An AI-cloud rebound lifted networking shares, and Arista’s fourth-quarter revenue guidance of $3.9 billion to $4.0 billion offered investors a concrete growth catalyst. Arista Networks Stocks Climb as AI Cloud Rebound Lifts Networking Leader
• Positive Sentiment: Recent quarterly results beat expectations, with revenue up 58.5% year over year, while management’s approximately $18.5 billion fiscal 2027 revenue forecast points to sustained demand. Arista Networks: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: A wider AI-stock sell-off remains a near-term risk, and Arista underperformed some competitors despite rising in Wednesday’s session. Sector volatility could limit gains even as company-specific fundamentals remain strong. Arista Networks stock underperforms competitors despite gains

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BNP Paribas Exane raised Arista Networks to a “strong-buy” rating in a research report on Wednesday, October 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $230.00 price objective (up from $220.00) on shares of Arista Networks in a report on Wednesday, November 4th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Truist Financial increased their target price on shares of Arista Networks from $234.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Finally, Bank of America restated a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $240.24.

Arista Networks Trading Up 6.4%

Shares of NYSE ANET opened at $196.81 on Thursday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The company has a market cap of $248.65 billion, a PE ratio of 52.91, a P/E/G ratio of 1.65 and a beta of 1.61. The stock has a 50 day simple moving average of $192.35 and a 200-day simple moving average of $166.53.

Arista Networks (NYSE:ANET) last posted its 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. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The firm’s revenue was up 58.5% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 4.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $202.60, for a total value of $60,780,000.00. Following the completion of the transaction, the insider owned 180,843,048 shares of the company’s stock, valued at approximately $36,638,801,524.80. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 460,374 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66. Following the transaction, the chief executive officer directly owned 4,811,207 shares in the company, valued at $1,020,408,892.63. This trade represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,067,489 shares of company stock worth $406,340,373. 2.70% of the stock is owned by company insiders.

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.