Korea Investment CORP Sells 83,583 Shares of Arista Networks, Inc. $ANET

Korea Investment CORP trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 996,091 shares of the technology company’s stock after selling 83,583 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Arista Networks worth $101,910,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company’s stock worth $47,519,000 after buying an additional 101,162 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $15,227,000. Vanguard Group Inc. raised its position in shares of Arista Networks by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock valued at $10,127,984,000 after acquiring an additional 1,136,167 shares during the period. Soltis Investment Advisors LLC boosted its stake in Arista Networks by 99.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 40,428 shares of the technology company’s stock worth $4,136,000 after acquiring an additional 20,141 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Arista Networks during the second quarter valued at approximately $212,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $127.95 on Thursday. The firm has a market cap of $161.12 billion, a PE ratio of 50.32, a P/E/G ratio of 3.37 and a beta of 1.48. The business’s 50 day simple moving average is $142.80 and its 200 day simple moving average is $123.76. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94.

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

Insider Transactions at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,858,300.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,668,843.36. The trade was a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the 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 transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,985,422 shares of company stock worth $290,780,281 in the last three months. Insiders own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ANET shares. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Piper Sandler reaffirmed a “neutral” rating and set a $145.00 price objective (up previously from $143.00) on shares of Arista Networks in a research note on Wednesday, November 5th. The Goldman Sachs Group boosted their target price on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Rosenblatt Securities reiterated a “neutral” rating and set a $140.00 price objective on shares of Arista Networks in a report on Monday. Finally, Melius Research raised their target price on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

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.