Arista Networks, Inc. $ANET Stock Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 19.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,048 shares of the technology company’s stock after acquiring an additional 5,492 shares during the period. WealthPlan Investment Management LLC’s holdings in Arista Networks were worth $6,728,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Main Street Group LTD acquired a new position in Arista Networks during the first quarter worth $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the fourth quarter worth $27,000. ABS Investment Management LLC purchased a new stake in Arista Networks during the second quarter worth $29,000. ABS Direct Equity Fund LLC acquired a new stake in Arista Networks in the second quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC grew its holdings 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 during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the sale, the insider directly owned 180,543,048 shares in the company, valued at $35,919,039,399.60. This represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total transaction of $263,160.00. Following the completion of the transaction, the chief financial officer directly owned 68,697 shares of the company’s stock, valued at approximately $14,769,855. This represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,627,449 shares of company stock valued at $740,784,723. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore restated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities increased their price objective on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and an average target price of $235.45.

Arista Networks Stock Down 6.2%

Shares of Arista Networks stock traded down $12.12 during trading on Thursday, hitting $183.30. 5,843,746 shares of the company were exchanged, compared to its average volume of 7,857,899. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The firm has a 50 day moving average price of $198.83 and a 200 day moving average price of $173.87. The stock has a market capitalization of $231.18 billion, a price-to-earnings ratio of 57.82, a P/E/G ratio of 2.38 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Arista Networks 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.