Raiffeisen Bank International AG Sells 13,265 Shares of Arista Networks, Inc. $ANET

Raiffeisen Bank International AG lessened its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 523,670 shares of the technology company’s stock after selling 13,265 shares during the quarter. Arista Networks accounts for approximately 1.0% of Raiffeisen Bank International AG’s investment portfolio, making the stock its 17th biggest position. Raiffeisen Bank International AG’s holdings in Arista Networks were worth $86,557,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ANET. Main Street Group LTD acquired a new stake in shares of Arista Networks in the 1st quarter valued at $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks during the fourth quarter valued at $28,000. ABS Investment Management LLC acquired a new stake in Arista Networks during the 2nd quarter worth about $29,000. Finally, Hilton Head Capital Partners LLC raised its position in shares of Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 767,029 shares of Arista Networks 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction 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 sale, the insider owned 181,143,048 shares of the company’s stock, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,782,694 shares of company stock worth $726,728,187 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANET shares. Barclays reiterated an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. Finally, Weiss Ratings lowered shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $225.76.

Arista Networks Trading Up 2.7%

Arista Networks stock opened at $191.13 on Friday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The firm has a market capitalization of $241.06 billion, a price-to-earnings ratio of 60.29, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62. The firm’s fifty day moving average price is $182.22 and its two-hundred day moving average price is $159.92.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current 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.