79,340 Arista Networks, Inc. $ANET Shares Purchased by CX Institutional

CX Institutional grew its stake in Arista Networks, Inc. (NYSE:ANET) by 954.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,651 shares of the technology company’s stock after purchasing an additional 79,340 shares during the period. CX Institutional’s holdings in Arista Networks were worth $17,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its position in Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Arista Networks by 34.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after buying an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after buying an additional 6,409,612 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Arista Networks by 3.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,528,887 shares of the technology company’s stock worth $1,248,570,000 after buying an additional 287,385 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after buying an additional 388,354 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Arista Networks Trading Up 1.5%

ANET stock traded up $3.01 during trading on Friday, hitting $207.50. The company had a trading volume of 4,145,132 shares, compared to its average volume of 7,979,751. The stock has a market cap of $261.70 billion, a PE ratio of 65.46, a PEG ratio of 2.39 and a beta of 1.60. The business has a 50-day moving average of $193.11 and a 200-day moving average of $169.03. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $214.89.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current year.

Insider Activity at Arista Networks

In related news, Director Mark Templeton sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $197.16, for a total transaction of $985,800.00. Following the completion of the sale, the director owned 53,410 shares of the company’s stock, valued at $10,530,315.60. This trade represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 62,622 shares of Arista Networks stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $211.40, for a total value of $13,238,290.80. Following the completion of the sale, the chief executive officer owned 4,876,972 shares of the company’s stock, valued at approximately $1,030,991,880.80. The trade was a 1.27% 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. Insiders have sold 3,382,316 shares of company stock worth $675,904,720 over the last quarter. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANET shares. Sanford C. Bernstein initiated coverage on Arista Networks in a research note on Wednesday. They issued an “outperform” rating and a $250.00 price target for the company. Truist Financial upped their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wells Fargo & Company reiterated an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. 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 report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus target price of $231.70.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.