Arista Networks (NYSE:ANET) Shares Unloaded Rep. Greg Landsman

Representative Greg Landsman (D-Ohio) recently sold shares of Arista Networks, Inc. NYSE: ANET. In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Arista Networks stock on March 27th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Simon Property Group NYSE: SPG on 3/27/2025.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Visa NYSE: V on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Cencora NYSE: COR on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 3/27/2025.

Arista Networks Stock Down 0.2 %

Shares of ANET traded down $0.15 during midday trading on Friday, reaching $72.50. The company had a trading volume of 11,224,936 shares, compared to its average volume of 9,149,886. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $133.58. The firm has a 50 day simple moving average of $88.74 and a 200-day simple moving average of $100.14. The stock has a market cap of $91.43 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

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Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.55, for a total value of $620,400.00. Following the transaction, the director now owns 139,784 shares of the company's stock, valued at approximately $10,840,249.20. This trade represents a 5.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kenneth Duda sold 80,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $115.61, for a total transaction of $9,248,800.00. Following the sale, the senior vice president now directly owns 12,976 shares of the company's stock, valued at approximately $1,500,155.36. This trade represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 411,031 shares of company stock worth $39,364,943. 3.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Arista Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in ANET. Morse Asset Management Inc purchased a new position in shares of Arista Networks during the 3rd quarter worth about $123,000. iA Global Asset Management Inc. acquired a new position in shares of Arista Networks in the 3rd quarter valued at $2,961,000. Orion Portfolio Solutions LLC grew its stake in shares of Arista Networks by 0.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,723 shares of the technology company's stock valued at $4,883,000 after buying an additional 97 shares during the period. MML Investors Services LLC increased its holdings in shares of Arista Networks by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 64,178 shares of the technology company's stock worth $24,633,000 after buying an additional 1,101 shares during the last quarter. Finally, LRI Investments LLC raised its position in shares of Arista Networks by 3.1% in the 3rd quarter. LRI Investments LLC now owns 1,368 shares of the technology company's stock worth $528,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ANET. Rosenblatt Securities restated a "sell" rating and set a $80.00 price target on shares of Arista Networks in a research report on Tuesday, February 18th. The Goldman Sachs Group reissued a "buy" rating on shares of Arista Networks in a research report on Monday, March 3rd. Morgan Stanley dropped their price objective on shares of Arista Networks from $118.00 to $73.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a "buy" rating and issued a $145.00 price objective on shares of Arista Networks in a research note on Wednesday, February 19th. Finally, Piper Sandler lowered their target price on shares of Arista Networks from $108.00 to $76.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $108.50.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2026 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

About Arista Networks

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.