317,209 Shares of Arista Networks, Inc. $ANET Purchased by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors bought 317,209 Arista Networks shares worth approximately $64.6 million, making ANET its fifth-largest holding and representing about 3.5% of its portfolio.
• Institutional ownership remains high at 82.47%, while insiders have sold 3.63 million shares worth roughly $740.8 million over the past 90 days, including sales by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and $235.45 price target. Arista recently exceeded earnings and revenue estimates, reporting $1.02 EPS and $3.04 billion in revenue, up 37.7% year over year.

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 317,209 shares of the technology company's stock, valued at approximately $64,581,000. Arista Networks comprises approximately 3.5% of Cantor Fitzgerald Investment Advisors L.P.'s portfolio, making the stock its 5th largest holding.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its holdings in Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after buying an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. grew its stake in Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock valued at $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock valued at $1,589,651,000 after buying an additional 388,354 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Arista Networks by 5.9% during the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company's stock valued at $1,433,951,000 after acquiring an additional 470,451 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 181,143,048 shares of the company's stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,627,449 shares of company stock worth $740,784,723. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ANET shares. Piper Sandler reaffirmed an "overweight" rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Sanford C. Bernstein initiated coverage on shares of Arista Networks in a report on Wednesday, September 30th. They issued an "outperform" rating and a $250.00 price target on the stock. Zacks Research downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Truist Financial lifted their price objective on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, UBS Group reissued a "buy" rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $235.45.

Arista Networks Stock Down 5.1%

NYSE:ANET opened at $185.53 on Friday. The stock's 50 day moving average price is $198.69 and its 200 day moving average price is $174.33. The company has a market capitalization of $234.00 billion, a PE ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate 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 was up 37.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 3.79 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.

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