Arista Networks, Inc. $ANET Shares Sold by Park National Corp OH

Park National Corp OH reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 1.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 311,393 shares of the technology company’s stock after selling 3,841 shares during the period. Arista Networks makes up about 1.6% of Park National Corp OH’s holdings, making the stock its 15th largest holding. Park National Corp OH’s holdings in Arista Networks were worth $60,054,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ANET. Main Street Group LTD acquired a new position in shares of Arista Networks during the first quarter valued at $26,000. Sankala Group LLC bought a new stake in Arista Networks in the 4th quarter valued at about $27,000. ABS Investment Management LLC bought a new stake in Arista Networks in the 2nd quarter valued at about $29,000. ABS Direct Equity Fund LLC acquired a new position in Arista Networks during the 2nd quarter valued at about $29,000. Finally, Hilton Head Capital Partners LLC grew its position in 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 purchasing an additional 159 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ANET. TD Cowen raised their price target on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. UBS Group restated a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reaffirmed an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Finally, Evercore reissued an “outperform” rating on shares of Arista Networks in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $231.70.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider 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. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer 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. 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. Over the last ninety days, insiders have sold 3,382,316 shares of company stock worth $675,904,720. 2.70% of the stock is owned by corporate insiders.

Arista Networks Trading Up 0.1%

NYSE:ANET traded up $0.18 during midday trading on Monday, hitting $207.53. 1,584,210 shares of the stock were exchanged, compared to its average volume of 7,945,710. The company has a market capitalization of $261.74 billion, a price-to-earnings ratio of 65.38, a P/E/G ratio of 2.44 and a beta of 1.60. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $214.89. The business has a 50-day moving average price of $193.78 and a two-hundred day moving average price of $169.54.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

About Arista Networks

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.