Detalus Advisors LLC Purchases New Stake in Arista Networks, Inc. $ANET

Detalus Advisors LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 78,201 shares of the technology company’s stock, valued at approximately $15,921,000. Arista Networks accounts for about 3.1% of Detalus Advisors LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors also recently modified their holdings of ANET. Main Street Group LTD bought a new position in Arista Networks in the 1st quarter worth approximately $26,000. Sankala Group LLC purchased a new position in Arista Networks in the 4th quarter valued at approximately $27,000. ABS Investment Management LLC bought a new stake in Arista Networks during the 2nd quarter valued at $29,000. ABS Direct Equity Fund LLC bought a new stake in Arista Networks during the 2nd quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC lifted its position in shares of Arista Networks by 184.9% during 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 in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANET shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. KeyCorp reissued an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and issued a $240.00 target price (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and an average price target of $235.45.

Arista Networks Trading Down 5.1%

Arista Networks stock opened at $185.53 on Friday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The firm has a market capitalization of $234.00 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. The firm’s 50 day simple moving average is $198.69 and its 200 day simple moving average is $174.33.

Arista Networks (NYSE:ANET) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,627,449 shares of company stock worth $740,784,723. Insiders own 2.70% of the company’s stock.

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.