Proficio Capital Partners LLC Acquires Shares of 6,378 Arista Networks, Inc. $ANET

Proficio Capital Partners LLC acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,378 shares of the technology company’s stock, valued at approximately $1,083,000.

Several other hedge funds also recently made changes to their positions in the company. Lighthouse Financial Services Inc. ADV purchased a new position in shares of Arista Networks during the 4th quarter worth approximately $1,549,000. Bensler LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $6,350,000. QRG Capital Management Inc. boosted its stake in shares of Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after buying an additional 6,591 shares in the last quarter. Finally, Reaves W H & Co. Inc. acquired a new position in Arista Networks during the fourth quarter worth $3,058,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $188.89 on Wednesday. The stock has a fifty day moving average price of $181.23 and a 200 day moving average price of $159.22. The stock has a market cap of $238.23 billion, a PE ratio of 59.59, a P/E/G ratio of 2.64 and a beta of 1.62. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89.

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

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated 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 transaction, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% 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. Insiders have sold a total of 4,242,082 shares of company stock valued at $800,487,376 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANET. Jefferies Financial Group set a $250.00 price objective on Arista Networks in a research report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. UBS Group reaffirmed a “buy” rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a report on Monday. They set a “buy” rating and a $220.00 price objective on the stock. Two investment 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $225.76.

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.