Diversify Advisory Services LLC Takes $12.54 Million Position in Arista Networks, Inc. $ANET

Diversify Advisory Services LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,447 shares of the technology company’s stock, valued at approximately $12,542,000.

Several other large investors have also recently added to or reduced their stakes in the company. Cura Wealth Advisors LLC increased its stake in Arista Networks by 3.1% during the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after purchasing an additional 52 shares during the last quarter. Intrua Financial LLC lifted its position in shares of 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 during the last quarter. NBT Bank N A NY lifted its position 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 worth $30,000 after buying an additional 67 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in shares of Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after buying an additional 68 shares during the period. Finally, Y.D. More Investments Ltd grew its position in shares of Arista Networks by 8.7% during the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock valued at $107,000 after buying an additional 70 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ANET. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Weiss Ratings lowered Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities raised their price target on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Citigroup restated a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $226.05.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was 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. The trade was a 0.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,334,197 shares of company stock valued at $798,500,786 in the last quarter. 2.70% of the stock is currently owned by insiders.

Arista Networks Trading Down 4.6%

NYSE ANET opened at $192.61 on Wednesday. The company has a 50-day moving average price of $175.81 and a two-hundred day moving average price of $155.48. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The stock has a market cap of $242.93 billion, a price-to-earnings ratio of 60.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company 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%.The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts expect that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

About Arista Networks

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.