2,907 Shares in Arista Networks, Inc. $ANET Purchased by Ninety One UK Ltd

Ninety One UK Ltd purchased a new position in Arista Networks, Inc. (NYSE:ANET) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,907 shares of the technology company’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. State Street Corp increased its position in shares of Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after purchasing an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Arista Networks by 34.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Arista Networks by 199.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Arista Networks by 4.3% during the 2nd 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 last quarter. Finally, Amundi grew its stake in shares of Arista Networks by 5.7% during the first quarter. Amundi now owns 9,064,443 shares of the technology company’s stock worth $1,112,932,000 after purchasing an additional 491,173 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% 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. Over the last 90 days, insiders have sold 3,627,449 shares of company stock worth $740,784,723. Insiders own 2.70% of the company’s stock.

Arista Networks Stock Down 5.1%

ANET opened at $185.53 on Friday. The firm has a market cap of $234.00 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The business’s 50 day moving average is $198.69 and its two-hundred day moving average is $174.33.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ANET. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a report on Monday, August 31st. They issued a “buy” rating and a $220.00 target price on the stock. Truist Financial raised their price target on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price target on Arista Networks in a report on Wednesday, August 5th. Weiss Ratings cut Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.