Arista Networks, Inc. $ANET Shares Sold by ZEGA Investments LLC

ZEGA Investments LLC lessened its position in shares of Arista Networks, Inc. (NYSE:ANET) by 88.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,892 shares of the technology company’s stock after selling 29,739 shares during the period. ZEGA Investments LLC’s holdings in Arista Networks were worth $398,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Prospera Financial Services Inc lifted its stake in shares of Arista Networks by 102.7% in the second quarter. Prospera Financial Services Inc now owns 26,644 shares of the technology company’s stock worth $2,726,000 after buying an additional 13,501 shares in the last quarter. AE Wealth Management LLC lifted its stake in Arista Networks by 670.7% in the 2nd quarter. AE Wealth Management LLC now owns 200,652 shares of the technology company’s stock worth $20,529,000 after purchasing an additional 174,617 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Arista Networks by 447.1% during the 2nd quarter. Penserra Capital Management LLC now owns 208,349 shares of the technology company’s stock worth $21,314,000 after purchasing an additional 170,267 shares during the last quarter. Harvest Portfolios Group Inc. purchased a new stake in shares of Arista Networks in the second quarter valued at approximately $27,970,000. Finally, Walkner Condon Financial Advisors LLC lifted its position in Arista Networks by 0.7% during the second quarter. Walkner Condon Financial Advisors LLC now owns 18,439 shares of the technology company’s stock worth $1,887,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was 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. Over the last quarter, insiders sold 2,009,040 shares of company stock worth $294,365,034. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Stock Up 0.4%

Shares of ANET stock opened at $134.62 on Friday. The stock has a market capitalization of $169.20 billion, a PE ratio of 52.95, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $164.94. The firm has a 50 day moving average of $146.66 and a two-hundred day moving average of $119.41.

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

Analyst Ratings Changes

Several brokerages have issued reports on ANET. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a report on Wednesday. KeyCorp lifted their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Finally, Piper Sandler restated a “neutral” rating and issued a $145.00 price objective (up from $143.00) on shares of Arista Networks in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

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.