3,161 Shares in Arista Networks, Inc. $ANET Purchased by Fiduciary Financial Advisors

Fiduciary Financial Advisors bought a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,161 shares of the technology company’s stock, valued at approximately $550,000.

A number of other hedge funds also recently added to or reduced their stakes in ANET. Main Street Group LTD purchased a new stake in shares of Arista Networks in the 1st quarter worth approximately $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the fourth quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks in the 4th quarter valued at $28,000. Hilton Head Capital Partners LLC raised its position in Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after buying an additional 159 shares during the last quarter. Finally, NBT Bank N A NY lifted its holdings in shares of Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Shares of ANET opened at $188.24 on Tuesday. The stock’s 50-day moving average is $177.95 and its two-hundred day moving average is $156.75. The stock has a market cap of $237.42 billion, a PE ratio of 59.38, a P/E/G ratio of 1.95 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89.

Arista Networks (NYSE:ANET) last released its 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 company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business posted $0.73 EPS. The business’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. On average, research analysts anticipate that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $181.02, for a total value of $1,448,160.00. Following the completion of the sale, the director directly owned 184,333 shares of the company’s stock, valued at approximately $33,367,959.66. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Thursday, August 20th. The shares were sold at an average price of $185.42, for a total transaction of $3,213,884.86. Following the sale, the insider directly owned 12,976 shares of the company’s stock, 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. Insiders sold a total of 3,935,851 shares of company stock worth $738,332,610 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ANET. Barclays reiterated an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Finally, UBS Group reiterated a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $226.05.

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.