VestGen Advisors LLC Sells 13,992 Shares of Arista Networks, Inc. $ANET

VestGen Advisors LLC trimmed its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 28.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,580 shares of the technology company’s stock after selling 13,992 shares during the quarter. VestGen Advisors LLC’s holdings in Arista Networks were worth $3,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Saudi Central Bank bought a new position in Arista Networks in the first quarter valued at about $33,000. REAP Financial Group LLC increased its stake in shares of Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares during the period. Costello Asset Management INC increased its stake in shares of Arista Networks by 51.3% in the first quarter. Costello Asset Management INC now owns 454 shares of the technology company’s stock valued at $35,000 after buying an additional 154 shares during the period. eCIO Inc. bought a new position in Arista Networks in the 1st quarter valued at approximately $36,000. Finally, Solstein Capital LLC boosted its position in Arista Networks by 493.8% during the 2nd quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock worth $39,000 after buying an additional 316 shares during the period. Institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ANET. Needham & Company LLC upped their price target on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. William Blair reissued an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Barclays restated an “overweight” rating and issued a $183.00 price objective (up from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Wells Fargo & Company 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Arista Networks in a research report on Monday, November 24th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.31.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction 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 completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,668,843.36. The trade was a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,009,464 shares of company stock worth $293,774,712 in the last ninety days. Corporate insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

ANET stock opened at $131.25 on Monday. The company’s 50-day moving average is $142.06 and its 200-day moving average is $124.43. The stock has a market capitalization of $165.28 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share 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 for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business earned $2.40 EPS. The firm’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. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal 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.