Arista Networks, Inc. $ANET Holdings Lessened by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP reduced its position in Arista Networks, Inc. (NYSE:ANET) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 871,764 shares of the technology company’s stock after selling 37,403 shares during the quarter. Arista Networks accounts for approximately 1.9% of Sustainable Growth Advisers LP’s holdings, making the stock its 17th biggest position. Sustainable Growth Advisers LP’s holdings in Arista Networks were worth $177,482,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Daytona Street Capital LLC bought a new stake in shares of Arista Networks during the third quarter worth about $54,000. Milestone Asset Management LLC raised its holdings in shares of Arista Networks by 167.8% in the 3rd quarter. Milestone Asset Management LLC now owns 52,776 shares of the technology company’s stock worth $10,745,000 after acquiring an additional 33,071 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in shares of Arista Networks by 204.3% in the 3rd quarter. Ellsworth Advisors LLC now owns 142,772 shares of the technology company’s stock worth $29,067,000 after acquiring an additional 95,851 shares during the last quarter. Legacy Wealth Partners LLC acquired a new stake in shares of Arista Networks in the 3rd quarter worth about $984,000. Finally, Iams Wealth Management LLC bought a new position in Arista Networks in the 3rd quarter valued at about $6,707,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of several recent research reports. 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 report on Wednesday, August 5th. Truist Financial boosted 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. Bank of America reissued a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, KeyCorp restated an “overweight” rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Arista Networks Price Performance

ANET opened at $185.53 on Friday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.41. The company has a market capitalization of $234.00 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60. The firm’s fifty day moving average price is $198.69 and its two-hundred day moving average price is $174.33.

Arista Networks (NYSE:ANET) last announced 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. The company had revenue of $3.04 billion during 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 quarter in the prior 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, equities analysts anticipate that Arista Networks, Inc. will post 3.79 EPS for the current year.

Insider Activity

In other Arista Networks news, 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 owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% 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 90 days, insiders have sold 3,627,449 shares of company stock worth $740,784,723. 2.70% of the stock is owned by corporate insiders.

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.