45,012 Shares in Arista Networks, Inc. $ANET Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm bought 45,012 shares of the technology company’s stock, valued at approximately $9,164,000.

A number of other large investors have also recently made changes to their positions in ANET. Investment Partners LTD. bought a new stake in Arista Networks in the 3rd quarter worth approximately $489,000. Cidel Asset Management Inc. bought a new stake in Arista Networks during the third quarter valued at approximately $203,000. Global Assets Advisory LLC increased its holdings in Arista Networks by 0.9% during the third quarter. Global Assets Advisory LLC now owns 6,352 shares of the technology company’s stock valued at $1,318,000 after buying an additional 57 shares during the last quarter. Summit Global Investments increased its holdings in Arista Networks by 39.2% during the third quarter. Summit Global Investments now owns 22,131 shares of the technology company’s stock valued at $4,506,000 after buying an additional 6,238 shares during the last quarter. Finally, Invera Wealth Advisors LLC raised its position in Arista Networks by 4.1% in the third quarter. Invera Wealth Advisors LLC now owns 2,558 shares of the technology company’s stock worth $521,000 after acquiring an additional 101 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

Insider Activity

In related news, Director Mark B. 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 value of $1,021,850.00. Following the completion of the transaction, the director owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. This represents a 9.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the completion of the sale, the chief financial officer owned 68,697 shares of the company’s stock, valued at $14,769,855. The trade was a 1.75% 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. In the last ninety days, insiders sold 3,619,449 shares of company stock valued at $739,787,226. 2.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ANET has been the topic of several analyst reports. Citigroup reiterated a “buy” rating and set a $248.00 price target (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. Sanford C. Bernstein assumed coverage on shares of Arista Networks in a research report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price objective for the company. TD Cowen reduced their price objective on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Barclays reaffirmed an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $232.95.

View Our Latest Research Report on Arista Networks

Arista Networks Trading Down 0.1%

Arista Networks stock opened at $168.63 on Monday. The firm has a 50 day moving average of $195.18 and a 200 day moving average of $164.70. The firm has a market capitalization of $212.68 billion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 1.96 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41.

Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly 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. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. 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. On average, analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current year.

Arista Networks Profile

(Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

See Also

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET – Free Report).

Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

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