iSAM Funds UK Ltd Purchases New Stake in Arista Networks, Inc. $ANET

iSAM Funds UK Ltd acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the second quarter, Holdings Channel reports. The fund acquired 3,200 shares of the technology company’s stock, valued at approximately $544,000.

Several other hedge funds also recently added to or reduced their stakes in ANET. Strengthening Families & Communities LLC lifted its holdings in shares of Arista Networks by 0.5% in the 2nd quarter. Strengthening Families & Communities LLC now owns 17,603 shares of the technology company’s stock worth $2,990,000 after purchasing an additional 94 shares during the last quarter. Aletheian Wealth Advisors LLC bought a new position in Arista Networks during the 2nd quarter worth $204,000. Paragon Private Wealth Management LLC grew its stake in Arista Networks by 4.4% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 9,885 shares of the technology company’s stock worth $1,679,000 after buying an additional 419 shares during the last quarter. Continuum Advisory LLC increased its position in Arista Networks by 6.9% in the second quarter. Continuum Advisory LLC now owns 4,819 shares of the technology company’s stock worth $819,000 after buying an additional 311 shares during the period. Finally, Nykredit A S acquired a new stake in Arista Networks in the second quarter worth $80,605,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Down 1.8%

ANET stock opened at $185.78 on Thursday. The company has a market capitalization of $234.31 billion, a P/E ratio of 58.60, a PEG ratio of 2.55 and a beta of 1.62. The company has a 50-day simple moving average of $181.71 and a 200 day simple moving average of $159.57. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $0.73 EPS. Arista Networks’s quarterly revenue 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 anticipate that Arista Networks, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. Rosenblatt Securities boosted their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Barclays reiterated an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $225.76.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value 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 $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,002,082 shares of company stock valued at $761,352,976 over the last quarter. Insiders own 2.70% of the company’s stock.

Arista Networks Company Profile

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.