Deutsche Bank AG Boosts Stake in Arista Networks, Inc. $ANET

Deutsche Bank AG grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 4.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,357,496 shares of the technology company’s stock after buying an additional 388,354 shares during the quarter. Deutsche Bank AG’s holdings in Arista Networks were worth $1,589,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kelleher Financial Advisors purchased a new stake in shares of Arista Networks during the second quarter valued at approximately $31,000. Sankala Group LLC purchased a new position in Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks in the fourth quarter worth $28,000. Main Street Group LTD bought a new position in Arista Networks in the 1st quarter valued at $26,000. Finally, Quarry LP bought a new position in Arista Networks in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Up 1.6%

NYSE ANET opened at $202.05 on Tuesday. The company’s 50 day moving average is $175.00 and its 200-day moving average is $155.18. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89. The firm has a market cap of $254.83 billion, a P/E ratio of 63.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.

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 analysts’ consensus estimates 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%. Arista Networks’s revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 573,509 shares of Arista Networks stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at $5,203,250. The trade was a 95.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $181.02, for a total value of $1,448,160.00. Following the transaction, the director directly owned 184,333 shares of the company’s stock, valued at $33,367,959.66. The trade was a 4.16% 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. In the last ninety days, insiders have sold 4,335,168 shares of company stock worth $798,637,629. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ANET shares. Wells Fargo & Company reiterated an “overweight” rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Arista Networks in a report on Wednesday, August 5th. Truist Financial lifted their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $226.05.

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.