Clarity Financial LLC Sells 191,821 Shares of Arista Networks, Inc. $ANET

Clarity Financial LLC reduced its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 98.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,969 shares of the technology company’s stock after selling 191,821 shares during the quarter. Clarity Financial LLC’s holdings in Arista Networks were worth $406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after buying an additional 230 shares during the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank acquired a new position in Arista Networks in the 1st quarter worth about $33,000. Costello Asset Management INC increased its holdings in Arista Networks by 51.3% in the 1st quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock worth $35,000 after purchasing an additional 154 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in Arista Networks by 45.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company’s stock worth $35,000 after purchasing an additional 143 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’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 transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 58,000 shares of the firm’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 value of $8,608,360.00. The disclosure for this sale can be found here. Insiders sold 6,670,904 shares of company stock valued at $892,841,241 over the last 90 days. Company insiders own 3.39% of the company’s stock.

Analyst Ratings Changes

ANET has been the subject of a number of recent research reports. Melius Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Barclays upped their target price on Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Finally, KeyCorp upped their target price on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Arista Networks Trading Up 2.5%

Shares of ANET stock opened at $149.32 on Thursday. The stock has a market cap of $187.67 billion, a price-to-earnings ratio of 58.73, a PEG ratio of 3.04 and a beta of 1.47. The stock has a 50-day moving average of $136.30 and a 200-day moving average of $105.52. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32.

Arista Networks (NYSE:ANET) last issued its quarterly 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 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 quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current 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.