Stableford Capital II LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 6,482 shares of the technology company’s stock, valued at approximately $1,101,000.
A number of other large investors have also made changes to their positions in ANET. ABS Investment Management LLC bought a new position in Arista Networks during the second quarter worth about $29,000. Kelleher Financial Advisors bought a new stake in shares of Arista Networks in the second quarter worth about $31,000. Cornerstone Financial Management LLC increased its holdings in shares of Arista Networks by 61.9% in the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock worth $31,000 after acquiring an additional 70 shares in the last quarter. Sankala Group LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth about $27,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Arista Networks during the 4th quarter valued at about $28,000. Institutional investors own 82.47% of the company’s stock.
Insider Buying and Selling
In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $202.60, for a total value of $60,780,000.00. Following the completion of the transaction, the insider owned 180,843,048 shares of the company’s stock, valued at approximately $36,638,801,524.80. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelly Battles sold 422 shares of Arista Networks stock in a transaction on Friday, August 21st. The shares were sold at an average price of $187.34, for a total transaction of $79,057.48. Following the completion of the sale, the director owned 10,194 shares in the company, valued at $1,909,743.96. The trade was a 3.98% 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 3,782,694 shares of company stock valued at $726,728,187 over the last ninety days. Insiders own 2.70% of the company’s stock.
Arista Networks Stock Performance
Arista Networks (NYSE:ANET – Get Free Report) last released its 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 return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the business posted $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. On average, research analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ANET has been the subject of several research analyst reports. Rosenblatt Securities boosted their price objective on Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research note on Friday, May 15th. Bank of America reiterated a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average price target of $225.76.
Get Our Latest Stock Analysis on ANET
About Arista Networks
Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.
The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.
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