Arista Networks, Inc. $ANET Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,233 shares of the technology company’s stock after selling 313 shares during the quarter. Bayforest Capital Ltd’s holdings in Arista Networks were worth $638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANET. HighMark Wealth Management LLC lifted its holdings in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Arista Networks during the first quarter worth about $30,000. Saudi Central Bank acquired a new stake in shares of Arista Networks during the first quarter worth about $33,000. REAP Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 175 shares during the period. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance

Arista Networks stock opened at $138.76 on Wednesday. The stock has a market capitalization of $174.40 billion, a PE ratio of 54.58, a price-to-earnings-growth ratio of 3.07 and a beta of 1.47. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68. The business has a 50 day simple moving average of $141.81 and a 200-day simple moving average of $109.79.

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

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was 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 approximately $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,678,904 shares of company stock worth $894,021,161 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ANET shares. JPMorgan Chase & Co. lifted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Arista Networks in a report on Tuesday. Evercore ISI boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Finally, Citigroup boosted their price target on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. Nineteen research 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 stock presently has an average rating of “Moderate Buy” and an average price target of $163.94.

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.