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

Pallas Capital Advisors LLC lessened its position in Arista Networks, Inc. (NYSE:ANET) by 26.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,728 shares of the technology company’s stock after selling 7,409 shares during the period. Pallas Capital Advisors LLC’s holdings in Arista Networks were worth $3,521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kelleher Financial Advisors purchased a new stake in Arista Networks in the 2nd quarter valued at approximately $31,000. Sankala Group LLC purchased a new position in shares of Arista Networks during the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $28,000. Main Street Group LTD acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $26,000. Finally, Quarry LP purchased a new stake in shares of Arista Networks in the third quarter valued at approximately $33,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the sale, the insider directly 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. Insiders have sold 4,335,168 shares of company stock valued at $798,637,629 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

Arista Networks Stock Up 1.6%

NYSE ANET opened at $202.05 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The business has a fifty day moving average of $175.00 and a 200-day moving average of $155.18. The stock has a market cap of $254.83 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. TD Cowen increased their price target on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research note on Friday, May 15th. Wells Fargo & Company reissued an “overweight” rating and set a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Two research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $226.05.

About Arista Networks

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.