Arista Networks, Inc. $ANET Shares Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. grew its stake in Arista Networks, Inc. (NYSE:ANET) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,993 shares of the technology company’s stock after purchasing an additional 1,251 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Arista Networks were worth $1,432,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. HighMark Wealth Management LLC grew its position in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks in the first quarter valued at about $33,000. Tradewinds Capital Management LLC boosted its position in Arista Networks by 45.8% during the first quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after acquiring an additional 143 shares during the last quarter. Finally, Costello Asset Management INC boosted its position in Arista Networks by 51.3% during the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. 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 research report on Thursday, September 25th. William Blair restated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Weiss Ratings restated a “buy (b)” rating on shares of Arista Networks in a research report on Saturday, September 27th. Finally, BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares in the company, valued at $6,162,722.16. This trade represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,678,904 shares of company stock valued at $894,021,161. Company insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

NYSE:ANET opened at $145.51 on Friday. The firm has a market capitalization of $182.88 billion, a price-to-earnings ratio of 57.23, a PEG ratio of 3.03 and a beta of 1.47. The company’s 50-day moving average is $137.53 and its two-hundred day moving average is $106.51. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32.

Arista Networks (NYSE:ANET) last posted its earnings results 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. Arista Networks’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

About Arista Networks

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.