18,652 Arista Networks, Inc. $ANET Shares Sold by Eleva Capital SAS

Eleva Capital SAS lowered its position in Arista Networks, Inc. (NYSE:ANET) by 39.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,305 shares of the technology company’s stock after selling 18,652 shares during the period. Arista Networks comprises about 4.8% of Eleva Capital SAS’s portfolio, making the stock its 9th largest position. Eleva Capital SAS’s holdings in Arista Networks were worth $5,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cura Wealth Advisors LLC boosted its stake in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after acquiring an additional 52 shares during the last quarter. Madison Wealth Partners Inc increased 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 valued at $370,000 after buying an additional 60 shares during the period. Intrua Financial LLC boosted 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 valued at $283,000 after purchasing an additional 61 shares during the period. Shepherd Financial Partners LLC grew its holdings in shares of Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after purchasing an additional 66 shares in the last quarter. Finally, NBT Bank N A NY raised its position in shares of Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,640,616. The trade was a 57.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 612 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total transaction of $119,811.24. Following the sale, the chief financial officer directly owned 69,921 shares of the company’s stock, valued at approximately $13,688,434.17. This trade represents a 0.87% 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. Insiders have sold 3,387,316 shares of company stock worth $676,926,570 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ANET. Wells Fargo & Company restated an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Bank of America restated a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. UBS Group restated a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Truist Financial boosted their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities raised their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $231.70.

Arista Networks Price Performance

Shares of ANET stock traded up $5.63 on Tuesday, hitting $212.53. 3,949,029 shares of the stock traded hands, compared to its average volume of 7,934,545. The firm has a market cap of $268.05 billion, a price-to-earnings ratio of 67.03, a PEG ratio of 2.44 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The firm has a 50 day simple moving average of $194.51 and a two-hundred day simple moving average of $170.06.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business 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 quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. 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 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.