3,533 Arista Networks, Inc. $ANET Shares Purchased by BDF Gestion

BDF Gestion raised its stake in Arista Networks, Inc. (NYSE:ANET) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,797 shares of the technology company’s stock after purchasing an additional 3,533 shares during the period. Arista Networks makes up approximately 0.8% of BDF Gestion’s holdings, making the stock its 24th biggest position. BDF Gestion’s holdings in Arista Networks were worth $5,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ANET. Main Street Group LTD bought a new position in Arista Networks during the first quarter valued at about $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $27,000. ABS Investment Management LLC bought a new stake in shares of Arista Networks during the second quarter valued at approximately $29,000. ABS Direct Equity Fund LLC acquired a new position in shares of Arista Networks in the second quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC raised its stake in shares of Arista Networks by 184.9% in the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after purchasing an additional 159 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. 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. Truist Financial boosted their price target on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. KeyCorp restated an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $235.45.

Arista Networks Price Performance

Shares of Arista Networks stock traded up $6.97 during midday trading on Monday, hitting $183.95. 2,665,980 shares of the company were exchanged, compared to its average volume of 7,849,711. The firm has a market cap of $232.00 billion, a P/E ratio of 58.04, a PEG ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The firm has a 50 day simple moving average of $198.46 and a 200-day simple moving average of $174.75.

Arista Networks (NYSE:ANET) last announced its quarterly 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 business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,640,616. This trade represents a 57.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of Arista Networks stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the transaction, the chief executive officer directly owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. This represents a 2.66% decrease in their ownership of the stock. 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. Insiders have sold 3,584,116 shares of company stock worth $733,396,013 in the last three months. Company insiders own 2.70% of the company’s stock.

Arista Networks Profile

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.