Sawyer & Company Inc Purchases New Shares in Arista Networks, Inc. $ANET

Sawyer & Company Inc acquired a new position in Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,955 shares of the technology company’s stock, valued at approximately $8,338,000. Arista Networks comprises approximately 2.8% of Sawyer & Company Inc’s portfolio, making the stock its 7th biggest holding.

Other hedge funds have also modified their holdings of the company. ABS Investment Management LLC bought a new position in shares of Arista Networks during the 2nd quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new stake in Arista Networks in the second quarter worth $29,000. Kelleher Financial Advisors purchased a new stake in Arista Networks during the second quarter valued at $31,000. Cornerstone Financial Management LLC raised 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 valued at $31,000 after purchasing an additional 70 shares in the last quarter. Finally, Main Street Group LTD purchased a new stake in Arista Networks during the first quarter valued at $26,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Up 1.0%

ANET traded up $1.86 during trading on Wednesday, reaching $183.05. The company had a trading volume of 2,637,895 shares, compared to its average volume of 7,833,804. The stock has a market cap of $230.87 billion, a P/E ratio of 57.59, a PEG ratio of 2.12 and a beta of 1.60. The business has a 50 day simple moving average of $197.98 and a 200-day simple moving average of $175.58. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Arista Networks’s quarterly revenue 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, equities research analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Analyst Ratings Changes

ANET has been the subject of several research reports. Sanford C. Bernstein began coverage on shares of Arista Networks in a research report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price objective for the company. Citigroup restated a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a report on Thursday, October 8th. Evercore restated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $250.00 price target on Arista Networks in a research report on Wednesday, August 5th. Two equities research analysts have 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, Arista Networks has an average rating of “Buy” and an average price target of $233.20.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 130,553 shares of the company’s 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 in the company, valued at approximately $1,036,585,416.10. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the company’s 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 transaction, the insider owned 12,976 shares in the company, valued at $2,640,616. The trade was 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. In the last quarter, insiders have sold 3,584,116 shares of company stock valued at $733,396,013. 2.70% of the stock is currently owned by company insiders.

About Arista Networks

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.