Carmignac Gestion Reduces Stock Position in Arista Networks, Inc. $ANET

Carmignac Gestion cut its stake in Arista Networks, Inc. (NYSE:ANET) by 90.3% in the second quarter, HoldingsChannel.com reports. The fund owned 72,457 shares of the technology company’s stock after selling 674,569 shares during the period. Carmignac Gestion’s holdings in Arista Networks were worth $12,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Main Street Group LTD bought a new stake in Arista Networks in the 1st quarter worth approximately $26,000. Sankala Group LLC bought a new position in shares of Arista Networks during the 4th quarter valued at $27,000. Prosperity Bancshares Inc bought a new position in shares of Arista Networks during the 4th quarter valued at $28,000. ABS Investment Management LLC purchased a new position in shares of Arista Networks in the 2nd quarter worth $29,000. Finally, Hilton Head Capital Partners LLC grew its holdings in shares of Arista Networks by 184.9% in the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arista Networks in a report on Monday, August 31st. They issued a “buy” rating and a $220.00 price objective on the stock. Finally, Rosenblatt Securities upped their target price 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $225.76.

Arista Networks Stock Up 0.5%

ANET stock traded up $1.03 during trading on Tuesday, reaching $194.81. The company’s stock had a trading volume of 4,741,372 shares, compared to its average volume of 8,312,051. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The company has a market capitalization of $245.71 billion, a P/E ratio of 61.46, a price-to-earnings-growth ratio of 2.30 and a beta of 1.62. The company’s fifty day moving average is $183.52 and its 200-day moving average is $160.65.

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

Insider Buying and Selling

In other Arista Networks news, 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 transaction, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,782,694 shares of company stock worth $726,728,187. 2.70% of the stock is owned by insiders.

Arista Networks 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.