Arista Networks, Inc. $ANET Position Increased by Weaver Capital Management LLC

Weaver Capital Management LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 106.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,158 shares of the technology company’s stock after buying an additional 21,707 shares during the period. Arista Networks comprises 1.6% of Weaver Capital Management LLC’s portfolio, making the stock its 18th largest position. Weaver Capital Management LLC’s holdings in Arista Networks were worth $8,583,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ABS Investment Management LLC acquired a new stake in shares of Arista Networks during the 2nd quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new position in Arista Networks during the second quarter worth $29,000. Kelleher Financial Advisors bought a new position in Arista Networks during the second quarter worth $31,000. Cornerstone Financial Management LLC lifted its stake in Arista Networks by 61.9% during the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock worth $31,000 after purchasing an additional 70 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in Arista Networks in the fourth quarter worth $27,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the subject of several recent research reports. Barclays reiterated an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a research report on Monday, August 31st. They issued a “buy” rating and a $220.00 price target on the stock. Citigroup reaffirmed a “buy” rating and issued a $248.00 price target (up from $215.00) on shares of Arista Networks in a report on Thursday, October 8th. Finally, Rosenblatt Securities boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were 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 $3,297,589,536.82. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 5.1%

Shares of NYSE ANET opened at $185.53 on Friday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The stock has a 50 day simple moving average of $198.69 and a 200-day simple moving average of $174.33. The company has a market cap of $234.00 billion, a PE ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

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.