Arista Networks, Inc. $ANET Shares Bought by BDF Gestion

BDF Gestion lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 14.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,797 shares of the technology company’s stock after purchasing an additional 3,533 shares during the period. Arista Networks comprises 0.8% of BDF Gestion’s portfolio, making the stock its 24th largest holding. BDF Gestion’s holdings in Arista Networks were worth $5,659,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Cura Wealth Advisors LLC grew its position in Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares during the last quarter. Affinity Capital Advisors LLC boosted its position in shares of Arista Networks by 1.4% during the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock worth $817,000 after buying an additional 53 shares during the period. Madison Wealth Partners Inc boosted its position in shares of Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after buying an additional 60 shares during the period. Intrua Financial LLC grew its holdings in Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its holdings in Arista Networks by 1.2% in the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after buying an additional 66 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen lifted their target price on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Arista Networks in a report on Monday, August 31st. They set a “buy” rating and a $220.00 price target on the stock. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Barclays reaffirmed an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $235.45.

Arista Networks Stock Performance

Shares of ANET stock traded up $6.97 during mid-day trading on Monday, hitting $183.95. 2,665,980 shares of the stock traded hands, compared to its average volume of 7,849,711. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The firm has a market cap of $232.00 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The company’s 50-day simple moving average is $198.46 and its 200-day simple moving average is $174.75.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data 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 business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’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. Analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Insider Activity

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company’s stock, valued at $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 767,029 shares of the firm’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 transaction of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. The trade was a 4.47% 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 3,584,116 shares of company stock valued at $733,396,013. Insiders own 2.70% of the company’s stock.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.