Private Advisory Group LLC Sells 11,620 Shares of Arista Networks, Inc. $ANET

Private Advisory Group LLC lowered its position in Arista Networks, Inc. (NYSE:ANET) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,591 shares of the technology company’s stock after selling 11,620 shares during the quarter. Arista Networks comprises approximately 1.0% of Private Advisory Group LLC’s investment portfolio, making the stock its 24th biggest holding. Private Advisory Group LLC’s holdings in Arista Networks were worth $18,036,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Davidson Trust Co. bought a new stake in shares of Arista Networks during the third quarter valued at about $3,512,000. Deutsche Bank AG lifted its holdings in Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after purchasing an additional 388,354 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in Arista Networks by 2,827.9% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after purchasing an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services bought a new position in Arista Networks in the 1st quarter valued at about $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. grew its position in Arista Networks by 564.1% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock valued at $2,862,000 after buying an additional 14,310 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark B. Templeton sold 5,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $165.85, for a total value of $829,250.00. Following the transaction, the director owned 43,410 shares of the company’s stock, valued at $7,199,548.50. The trade was a 10.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $165.45, for a total transaction of $43,017,000.00. Following the completion of the sale, the insider owned 179,755,156 shares in the company, valued at $29,740,490,560.20. The trade was a 0.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,067,489 shares of company stock worth $406,340,373 in the last ninety days. Insiders own 2.70% of the company’s stock.

More Arista Networks News

Here’s some of the latest news about ANET:

• Positive Sentiment: Arista beat Q3 expectations: revenue rose 58.5% year over year to $3.66 billion, and EPS of $1.20 topped the $1.08 consensus. Management forecast Q4 revenue of $3.9 billion to $4.0 billion, extending the growth outlook. Arista Networks guides higher
• Neutral Sentiment: Coverage describes a rebound in AI and cloud-related stocks as a tailwind for Arista, but notes the rally is facing resistance amid volatile trading. Arista Q3 beat and market reaction
• Negative Sentiment: Valuation is a key concern after the strong run: one analysis asks whether the stock is overvalued despite improved guidance. Reports also flag substantial co-founder share sales; these may not necessarily signal a change in business outlook, but could weigh on sentiment. Arista valuation analysis Co-founder stock sales

Analyst Upgrades and Downgrades

Several research firms have commented on ANET. Zacks Research raised shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 6th. Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Sanford C. Bernstein began coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Arista Networks in a report on Wednesday, November 4th. Finally, Melius Research set a $305.00 price objective on shares of Arista Networks in a research note on Wednesday, November 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $240.24.

Arista Networks Stock Up 5.1%

Shares of Arista Networks stock opened at $206.67 on Friday. The firm has a market cap of $261.11 billion, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.61. The business has a fifty day simple moving average of $192.77 and a 200-day simple moving average of $166.84. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The company’s quarterly revenue was up 58.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. Analysts anticipate that Arista Networks, Inc. will post 4.01 earnings per share for the current fiscal year.

About Arista Networks

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.