Arista Networks, Inc. $ANET Shares Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC increased its position in Arista Networks, Inc. (NYSE:ANET) by 167.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 52,776 shares of the technology company’s stock after purchasing an additional 33,071 shares during the period. Arista Networks comprises about 1.7% of Milestone Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Milestone Asset Management LLC’s holdings in Arista Networks were worth $10,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC boosted its position in shares of Arista Networks by 204.3% in the third quarter. Ellsworth Advisors LLC now owns 142,772 shares of the technology company’s stock worth $29,067,000 after buying an additional 95,851 shares during the period. Legacy Wealth Partners LLC purchased a new position in shares of Arista Networks during the third quarter valued at $984,000. Iams Wealth Management LLC acquired a new position in Arista Networks during the third quarter valued at $6,707,000. NFSG Corp raised its position in Arista Networks by 11.4% during the third quarter. NFSG Corp now owns 16,008 shares of the technology company’s stock valued at $3,028,000 after buying an additional 1,637 shares during the period. Finally, Activest Wealth Management raised its position in Arista Networks by 54.9% during the third quarter. Activest Wealth Management now owns 2,084 shares of the technology company’s stock valued at $424,000 after buying an additional 739 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the sale, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% 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 three months, insiders have sold 3,627,449 shares of company stock worth $740,784,723. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on Arista Networks in a research note on Wednesday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 target price (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Arista Networks Stock Down 5.1%

ANET stock opened at $185.53 on Friday. The company has a market capitalization of $234.00 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The firm has a 50 day moving average of $198.69 and a two-hundred day moving average of $174.33.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share 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 for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.73 earnings per share. The business’s 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. On average, research analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

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.