RDA Financial Network Buys 7,007 Shares of Arista Networks, Inc. $ANET

RDA Financial Network grew its stake in Arista Networks, Inc. (NYSE:ANET) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,039 shares of the technology company’s stock after purchasing an additional 7,007 shares during the period. Arista Networks comprises about 1.6% of RDA Financial Network’s investment portfolio, making the stock its 13th biggest position. RDA Financial Network’s holdings in Arista Networks were worth $7,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cura Wealth Advisors LLC lifted its position in shares of Arista Networks by 3.1% during the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares in the last quarter. Affinity Capital Advisors LLC grew its stake in shares of Arista Networks by 1.4% during the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock valued at $817,000 after purchasing an additional 53 shares during the last quarter. Madison Wealth Partners Inc grew its stake in shares of Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after purchasing an additional 60 shares during the last quarter. Intrua Financial LLC grew its stake in shares of Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after purchasing an additional 61 shares during the last quarter. Finally, Shepherd Financial Partners LLC increased its holdings in shares of Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Arista Networks stock traded down $11.61 during trading hours on Thursday, reaching $183.81. 6,222,794 shares of the company’s stock traded hands, compared to its average volume of 7,860,031. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The firm has a market capitalization of $231.82 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 2.38 and a beta of 1.60. The firm’s 50 day moving average is $198.83 and its 200-day moving average is $173.87.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (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 company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned $0.73 EPS. The company’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. Analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current year.

Insider Activity

In other Arista Networks news, Director Mark Templeton sold 5,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the sale, the director owned 48,410 shares in the company, valued at approximately $9,893,551.70. The trade was a 9.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the transaction, the insider directly owned 180,543,048 shares in the company, valued at approximately $35,919,039,399.60. This trade represents a 0.17% decrease in their position. 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 have sold 3,627,449 shares of company stock worth $740,784,723. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ANET shares. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial upped their price objective on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a research report on Monday, August 31st. They issued a “buy” rating and a $220.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Bank of America reissued a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $235.45.

Arista Networks Company 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.