Hanseatic Management Services Inc. acquired a new position in Arista Networks, Inc. (NYSE:ANET – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,067 shares of the technology company’s stock, valued at approximately $1,031,000.
Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Arista Networks by 8.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,578,287 shares of the technology company’s stock valued at $437,999,000 after acquiring an additional 205,919 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Arista Networks by 15.0% in the second quarter. OneDigital Investment Advisors LLC now owns 20,544 shares of the technology company’s stock worth $3,490,000 after purchasing an additional 2,687 shares in the last quarter. AMG National Trust Bank bought a new stake in shares of Arista Networks in the 2nd quarter valued at about $206,000. Roman Butler Fullerton & Co. grew its position in shares of Arista Networks by 38.9% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 15,618 shares of the technology company’s stock worth $2,829,000 after buying an additional 4,371 shares during the last quarter. Finally, Cura Wealth Advisors LLC raised its stake in shares of Arista Networks by 3.1% during the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Jayshree Ullal sold 767,029 shares of the 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 directly owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the transaction, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% 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. Insiders sold a total of 4,335,168 shares of company stock valued at $798,637,629 in the last 90 days. 2.70% of the stock is currently owned by company insiders.
Arista Networks Trading Up 1.6%
Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion during 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%. The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on ANET shares. Rosenblatt Securities increased their target price on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research raised Arista Networks from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Citigroup reissued 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 research note on Wednesday, August 5th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $226.05.
Read Our Latest Analysis on Arista Networks
About Arista Networks
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.
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