Danica Pension Livsforsikringsaktieselskab Has $26.33 Million Holdings in Arista Networks, Inc. $ANET

Danica Pension Livsforsikringsaktieselskab increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 229.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 154,997 shares of the technology company’s stock after purchasing an additional 107,887 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Arista Networks were worth $26,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $251,000. Sivia Capital Partners LLC raised its position in shares of Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after acquiring an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 573,509 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the transaction, the chief executive officer owned 25,000 shares in the company, valued at $5,203,250. The trade was a 95.82% decrease in their position. The transaction was disclosed in a legal filing 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, insider Kenneth Duda sold 26,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the transaction, the insider directly owned 462,400 shares in the company, valued at approximately $78,843,824. This represents a 5.32% 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. In the last quarter, insiders sold 4,334,197 shares of company stock worth $798,500,786. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ANET shares. Jefferies Financial Group set a $250.00 target price on Arista Networks in a report on Wednesday, August 5th. Wells Fargo & Company restated an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, KeyCorp reiterated an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $226.05.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $192.61 on Wednesday. The stock’s 50-day moving average is $175.81 and its 200 day moving average is $155.48. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $214.89. The firm has a market cap of $242.93 billion, a price-to-earnings ratio of 60.76, a PEG ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping 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 business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the company posted $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. On average, sell-side analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

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.