Arista Networks, Inc. $ANET Shares Sold by Inscription Capital LLC

Inscription Capital LLC decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 34.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,142 shares of the technology company’s stock after selling 3,685 shares during the period. Inscription Capital LLC’s holdings in Arista Networks were worth $1,454,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Main Street Group LTD acquired a new position in Arista Networks in the 1st quarter valued at $26,000. William Mack & Associates Inc. purchased a new position in shares of Arista Networks during the 3rd quarter worth $27,000. ABS Investment Management LLC acquired a new stake in shares of Arista Networks during the second quarter worth $29,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Arista Networks during the second quarter worth $29,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Arista Networks during the second quarter worth $31,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

More Arista Networks News

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista’s Q3 revenue rose 58.5% year over year to $3.66 billion, beating the $3.33 billion consensus, while adjusted EPS of $1.20 topped the $1.08 estimate. Management also projected about $18.5 billion in 2027 revenue—above Wall Street expectations—and expects AI-fabric revenue to double to roughly $7 billion. Article: Should You Add ANET Stock to Your Portfolio Post Solid Q3 Earnings?
• Neutral Sentiment: Insiders reported share sales, including director Mark Templeton’s 5,000-share sale and major shareholder Andreas Bechtolsheim’s sale of 267,892 shares. The transactions were made under pre-arranged Rule 10b5-1 plans; Bechtolsheim retained a very large stake. Article: Insider Selling at Arista Networks
• Negative Sentiment: Investors are selling AI hardware and networking stocks broadly, with reports attributing the pressure to policy concerns after the election. The sector-wide risk-off mood has overshadowed Arista’s growth outlook. Article: Arista Sinks as AI Selloff Deepens
• Negative Sentiment: Despite the positive guidance, analysts note execution and supply capacity risks, while Arista’s premium valuation and expected pressure on gross margins from a greater hardware mix leave the stock vulnerable to shifts in investor sentiment. Article: Arista Networks Stocks Fall Despite a Strong Networking Outlook

Wall Street Analyst Weigh In

Several research firms recently commented on ANET. JPMorgan Chase & Co. upped their target price on Arista Networks from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays decreased their price target on Arista Networks from $289.00 to $236.00 and set an “overweight” rating on the stock in a research note on Wednesday. BNP Paribas Exane upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, KeyCorp reiterated an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $240.24.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 267,892 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $171.19, for a total transaction of $45,860,431.48. Following the completion of the sale, the insider directly owned 180,275,156 shares in the company, valued at $30,861,303,955.64. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of Arista Networks stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total transaction of $263,160.00. Following the transaction, the chief financial officer owned 68,697 shares in the company, valued at $14,769,855. The trade was a 1.75% decrease in their position. 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 2,380,998 shares of company stock valued at $482,687,801 over the last quarter. Company insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $159.21 on Friday. The business has a 50-day moving average of $193.20 and a two-hundred day moving average of $165.48. The firm has a market capitalization of $200.80 billion, a PE ratio of 42.80, a P/E/G ratio of 2.06 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $0.75 EPS. The company’s revenue was up 58.5% compared to the same quarter last year. As a group, research analysts anticipate that Arista Networks, Inc. will post 3.80 earnings per share for the current year.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.