14,335 Shares in Arista Networks, Inc. $ANET Bought by M Holdings Securities Inc.

Key Points

• M Holdings Securities acquired 14,335 Arista Networks shares in the third quarter, worth approximately $2.92 million; institutional investors and hedge funds own 82.47% of the stock.
• Arista reported strong quarterly results, with revenue up 58.5% year over year to $3.66 billion and EPS of $1.20 beating estimates. The company raised its outlook amid demand for AI data-center networking.
• Insiders sold about 2.38 million shares worth $482.7 million over the past three months, including sales by the CEO and a major shareholder, both under pre-arranged trading plans.

M Holdings Securities Inc. acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,335 shares of the technology company's stock, valued at approximately $2,918,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Davidson Trust Co. purchased a new stake in Arista Networks during the third quarter worth about $3,512,000. Deutsche Bank AG boosted its stake in shares of Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock valued at $1,589,651,000 after purchasing an additional 388,354 shares during the period. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Arista Networks by 2,827.9% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company's stock valued at $10,664,000 after purchasing an additional 50,592 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Arista Networks during the 1st quarter worth approximately $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. increased its stake in Arista Networks by 564.1% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company's stock worth $2,862,000 after buying an additional 14,310 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the sale, the insider directly owned 180,543,048 shares of the company's stock, valued at approximately $35,919,039,399.60. This represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the sale, the chief executive officer owned 25,000 shares of the company's stock, valued at $5,203,250. This trade represents a 95.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 2,380,998 shares of company stock worth $482,687,801. 2.70% of the stock is owned by company insiders.

Arista Networks News Summary

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista reported third-quarter revenue of $3.66 billion, up 58.5% year over year and above estimates, while EPS of $1.20 also beat expectations. The company raised its outlook, citing demand for AI data-center networking, Ethernet adoption, and growth across hyperscale and enterprise customers. Read More.
• Positive Sentiment: Analyst support offers another tailwind: Melius Research initiated coverage with a “strong-buy” rating, while other recent reports cited buy ratings and bullish price targets. Read More.
• Neutral Sentiment: The recent selloff has left investors debating whether the pullback creates a buying opportunity. ANET has declined substantially over the past month despite its strong results, leaving sentiment divided. Read More.
• Negative Sentiment: Valuation and customer concentration remain risks: Arista’s premium forward earnings multiple leaves less room for disappointment, while reliance on a limited number of large customers could make growth more vulnerable to spending changes. Read More.
• Negative Sentiment: Shares have also faced pressure from a broader AI-infrastructure stock selloff and reported insider sales. Those sales included transactions under pre-arranged trading plans, but can still add to near-term investor caution. Read More.

Arista Networks Stock Performance

ANET opened at $170.70 on Monday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The business's 50-day simple moving average is $192.59 and its 200-day simple moving average is $165.70. The stock has a market capitalization of $215.66 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.61.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company's revenue was up 58.5% compared to the same quarter last year. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on ANET. Rosenblatt Securities reiterated a "buy" rating and set a $280.00 target price on shares of Arista Networks in a report on Wednesday, November 4th. TD Cowen dropped their price target on shares of Arista Networks from $250.00 to $205.00 and set a "buy" rating for the company in a research note on Monday, October 19th. UBS Group reaffirmed a "buy" rating and set a $291.00 price objective (up from $259.00) on shares of Arista Networks in a research report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a research report on Monday, August 31st. They set a "buy" rating and a $220.00 price objective on the stock. Finally, Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $240.24.

About Arista Networks

Arista Networks, Inc develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks.

The company's software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista's products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

Founded in 2004 and headquartered in Santa Clara, California, Arista serves customers worldwide.

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