Amalgamated Bank Sells 341 Shares of Arista Networks, Inc. $ANET

Amalgamated Bank cut its holdings in Arista Networks, Inc. (NYSE:ANET) by 0.1% during the 2nd quarter, Holdings Channel reports. The fund owned 229,298 shares of the technology company’s stock after selling 341 shares during the period. Amalgamated Bank’s holdings in Arista Networks were worth $23,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC raised its position in Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock worth $618,000 after acquiring an additional 95 shares during the period. 1900 Wealth Management LLC raised its position in shares of Arista Networks by 2.3% during the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock valued at $444,000 after purchasing an additional 98 shares during the period. Wesbanco Bank Inc. raised its position in shares of Arista Networks by 2.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock valued at $461,000 after purchasing an additional 100 shares during the period. XML Financial LLC raised its position in shares of Arista Networks by 0.6% during the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock valued at $1,656,000 after purchasing an additional 100 shares during the period. Finally, Hemington Wealth Management raised its position in shares of Arista Networks by 28.2% during the 2nd quarter. Hemington Wealth Management now owns 459 shares of the technology company’s stock valued at $46,000 after purchasing an additional 101 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

NYSE:ANET opened at $162.07 on Thursday. The firm has a market capitalization of $203.70 billion, a P/E ratio of 63.74, a PEG ratio of 3.26 and a beta of 1.47. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $162.68. The company’s fifty day moving average price is $144.70 and its 200-day moving average price is $116.00.

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

Wall Street Analyst Weigh In

ANET has been the topic of a number of research reports. BNP Paribas Exane upgraded shares of Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a report on Thursday, September 25th. Needham & Company LLC raised their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Barclays upped their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Melius Research boosted their price objective on shares of 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, the company presently has an average rating of “Moderate Buy” and an average price target of $163.94.

Insider Buying and Selling at Arista Networks

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 trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,333,040 shares of company stock valued at $612,568,337 over the last ninety days. Corporate insiders own 3.39% of the company’s stock.

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.