Park Place Capital Corp Boosts Stock Position in Arista Networks, Inc. $ANET

Park Place Capital Corp lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 493.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,716 shares of the technology company’s stock after purchasing an additional 8,079 shares during the quarter. Park Place Capital Corp’s holdings in Arista Networks were worth $1,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Main Street Group LTD acquired a new stake in shares of Arista Networks in the 1st quarter worth $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks in the fourth quarter valued at about $28,000. Hilton Head Capital Partners LLC increased its position in Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after purchasing an additional 159 shares during the last quarter. Finally, NBT Bank N A NY increased its position in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the subject of several analyst reports. Zacks Research raised shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. UBS Group reaffirmed a “buy” rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Rosenblatt Securities increased their price target on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 target price (up from $181.00) 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 issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $226.05.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was 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 of the company’s stock, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 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 sale, 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 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. Over the last quarter, insiders sold 3,935,851 shares of company stock valued at $738,332,610. 2.70% of the stock is currently owned by company insiders.

Arista Networks Trading Down 0.2%

ANET opened at $188.24 on Tuesday. The firm has a market cap of $237.42 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 1.95 and a beta of 1.60. The stock’s 50-day moving average price is $177.95 and its 200 day moving average price is $156.75. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89.

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

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.