UNIVEST FINANCIAL Corp Grows Stake in Arista Networks, Inc. $ANET

UNIVEST FINANCIAL Corp boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,785 shares of the technology company’s stock after purchasing an additional 5,402 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Arista Networks were worth $10,666,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the period. State Street Corp raised its position in shares of Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after buying an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Arista Networks by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after buying an additional 380,724 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arista Networks by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after buying an additional 477,625 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Arista Networks during the fourth quarter worth $1,558,563,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of ANET opened at $192.61 on Wednesday. The company’s fifty day moving average is $175.81 and its 200 day moving average is $155.48. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The stock has a market capitalization of $242.93 billion, a PE ratio of 60.76, a P/E/G ratio of 2.06 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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Arista Networks’s 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. As a group, research analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research note on Friday, May 15th. Wells Fargo & Company reissued an “overweight” rating and set a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on Arista Networks in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $226.05.

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.51, for a total value of $4,433,260.00. Following the completion of the transaction, the insider owned 462,400 shares in the company, valued at approximately $78,843,824. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $181.02, for a total value of $1,448,160.00. Following the sale, the director directly owned 184,333 shares in the company, valued at $33,367,959.66. The trade was a 4.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,334,197 shares of company stock valued at $798,500,786. Corporate insiders own 2.70% of the company’s stock.

Arista Networks 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.