Northwestern Mutual Wealth Management Co. Has $88.87 Million Holdings in Arista Networks, Inc. $ANET

Northwestern Mutual Wealth Management Co. cut its holdings in Arista Networks, Inc. (NYSE:ANET) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,121 shares of the technology company’s stock after selling 18,120 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Arista Networks were worth $88,868,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ANET. Wedbush Securities Inc. increased its holdings in shares of Arista Networks by 6.2% during the 2nd quarter. Wedbush Securities Inc. now owns 9,775 shares of the technology company’s stock valued at $1,661,000 after acquiring an additional 575 shares during the last quarter. Hollencrest Capital Management lifted its holdings in Arista Networks by 46.3% in the 2nd quarter. Hollencrest Capital Management now owns 1,150 shares of the technology company’s stock worth $195,000 after purchasing an additional 364 shares during the last quarter. Capital Advisors Inc. OK boosted its position in Arista Networks by 8.3% during the second quarter. Capital Advisors Inc. OK now owns 4,050 shares of the technology company’s stock worth $688,000 after purchasing an additional 312 shares during the period. New Mexico Educational Retirement Board grew its holdings in Arista Networks by 6.2% during the second quarter. New Mexico Educational Retirement Board now owns 51,300 shares of the technology company’s stock valued at $8,715,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Mufg Securities Americas Inc. grew its holdings in Arista Networks by 8.8% during the second quarter. Mufg Securities Americas Inc. now owns 31,099 shares of the technology company’s stock valued at $5,283,000 after purchasing an additional 2,526 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $191.79, for a total value of $2,648,428.11. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,901,981.43. This represents a 58.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $185.42, for a total transaction of $3,213,884.86. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,406,009.92. The trade was a 57.19% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 4,242,082 shares of company stock worth $800,487,376. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ANET. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Truist Financial lifted their target price on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $225.76.

Arista Networks Trading Down 3.5%

Shares of ANET stock opened at $188.89 on Wednesday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The company has a market capitalization of $238.23 billion, a P/E ratio of 59.59, a P/E/G ratio of 2.64 and a beta of 1.62. The stock has a 50 day moving average of $181.23 and a two-hundred day moving average of $159.22.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.