Pallas Capital Advisors LLC Sells 3,855 Shares of Arista Networks, Inc. $ANET

by · The Cerbat Gem

Pallas Capital Advisors LLC decreased its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,023 shares of the technology company’s stock after selling 3,855 shares during the period. Pallas Capital Advisors LLC’s holdings in Arista Networks were worth $3,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ANET. Brighton Jones LLC grew its holdings in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks during the 4th quarter worth about $202,000. Bank Pictet & Cie Europe AG grew its holdings in Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company’s stock worth $1,200,000 after acquiring an additional 8,822 shares in the last quarter. Bison Wealth LLC bought a new position in Arista Networks during the 4th quarter worth about $251,000. Finally, Two Sigma Investments LP grew its holdings in Arista Networks by 510.1% during the 4th quarter. Two Sigma Investments LP now owns 460,091 shares of the technology company’s stock worth $50,854,000 after acquiring an additional 384,681 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 7,526,614 shares of company stock worth $975,547,217. 3.54% of the stock is owned by insiders.

Arista Networks Stock Down 2.2%

ANET opened at $142.24 on Wednesday. The company has a 50-day moving average price of $128.50 and a 200 day moving average price of $100.92. The company has a market cap of $178.78 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 3.03 and a beta of 1.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32.

Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

ANET has been the subject of several analyst reports. UBS Group increased their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Barclays lifted their target price on shares of Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Wedbush initiated coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued an “outperform” rating for the company. BNP Paribas Exane lowered shares of Arista Networks from an “outperform” rating to a “neutral” rating and set a $106.00 price target for the company. in a research report on Wednesday, June 11th. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.88.

Get Our Latest Stock Analysis on ANET

Arista Networks Company Profile

(Free Report)

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.

See Also

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