Raiffeisen Bank International AG Has $86.56 Million Position in Arista Networks, Inc. $ANET

Raiffeisen Bank International AG cut its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 523,670 shares of the technology company’s stock after selling 13,265 shares during the quarter. Arista Networks comprises 1.0% of Raiffeisen Bank International AG’s portfolio, making the stock its 17th largest position. Raiffeisen Bank International AG’s holdings in Arista Networks were worth $86,557,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD acquired a new stake in shares of Arista Networks during the first quarter worth $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $28,000. ABS Investment Management LLC bought a new position in Arista Networks during the 2nd quarter worth approximately $29,000. Finally, Hilton Head Capital Partners LLC increased its stake in 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. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $191.13 on Friday. The stock has a 50 day moving average price of $182.22 and a 200 day moving average price of $159.92. The stock has a market capitalization of $241.06 billion, a PE ratio of 60.29, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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 company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current year.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $202.60, for a total value of $60,780,000.00. Following the completion of the transaction, the insider owned 180,843,048 shares of the company’s stock, valued at $36,638,801,524.80. This trade represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $185.42, for a total transaction of $3,213,884.86. Following the transaction, the insider owned 12,976 shares in the company, valued at $2,406,009.92. This represents a 57.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 3,782,694 shares of company stock valued at $726,728,187. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ANET shares. Barclays reissued an “overweight” rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Weiss Ratings lowered Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Truist Financial increased their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $225.76.

Arista Networks Company Profile

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.