Checchi Capital Advisers LLC Sells 165 Shares of Arista Networks, Inc. $ANET

Checchi Capital Advisers LLC lowered its position in Arista Networks, Inc. (NYSE:ANET) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,203 shares of the technology company’s stock after selling 165 shares during the period. Checchi Capital Advisers LLC’s holdings in Arista Networks were worth $737,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. 1900 Wealth Management LLC raised its position in shares of Arista Networks by 2.3% in the 2nd quarter. 1900 Wealth Management LLC now owns 4,338 shares of the technology company’s stock worth $444,000 after acquiring an additional 98 shares in the last quarter. Wesbanco Bank Inc. raised its position in shares of Arista Networks by 2.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,508 shares of the technology company’s stock worth $461,000 after acquiring an additional 100 shares in the last quarter. XML Financial LLC raised its position in shares of Arista Networks by 0.6% in the 2nd quarter. XML Financial LLC now owns 16,185 shares of the technology company’s stock worth $1,656,000 after acquiring an additional 100 shares in the last quarter. CX Institutional raised its position in shares of Arista Networks by 1.4% in the 2nd quarter. CX Institutional now owns 7,703 shares of the technology company’s stock worth $788,000 after acquiring an additional 110 shares in the last quarter. Finally, McAdam LLC raised its position in shares of Arista Networks by 2.6% in the 2nd quarter. McAdam LLC now owns 4,594 shares of the technology company’s stock worth $470,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ANET shares. UBS Group upped their price target on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Citigroup upped their price target on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. KeyCorp upped their price target on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Wolfe Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 6,678,904 shares of company stock valued at $894,021,161. Company insiders own 3.54% of the company’s stock.

Arista Networks Trading Up 0.7%

Shares of ANET opened at $145.51 on Monday. The business’s fifty day simple moving average is $137.53 and its two-hundred day simple moving average is $106.67. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $156.32. The company has a market cap of $182.88 billion, a price-to-earnings ratio of 57.23, a P/E/G ratio of 3.03 and a beta of 1.47.

Arista Networks (NYSE:ANET) last released 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. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

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.