32,869 Shares in Arista Networks, Inc. $ANET Acquired by Bellars Harris Wealth Management LLC

Key Points

• Bellars Harris Wealth Management acquired 32,869 Arista Networks shares during the second quarter, valued at approximately $5.6 million. Institutional investors collectively own 82.47% of the company.
• Arista reported quarterly EPS of $1.02, beating estimates by $0.13, while revenue rose 37.7% year over year to $3.04 billion. The stock opened at $202.05, near its 12-month high of $214.89.
• Analysts maintain a consensus “Buy” rating with a $226.05 price target, although insiders sold 4.34 million shares worth about $798.6 million during the past quarter under pre-arranged trading plans.

Bellars Harris Wealth Management LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,869 shares of the technology company's stock, valued at approximately $5,584,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lighthouse Financial Services Inc. ADV bought a new stake in shares of Arista Networks in the fourth quarter worth about $1,549,000. Bensler LLC bought a new stake in shares of Arista Networks in the 4th quarter worth approximately $6,350,000. QRG Capital Management Inc. increased its stake in shares of Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company's stock valued at $22,224,000 after buying an additional 10,217 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Arista Networks by 59.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company's stock valued at $2,309,000 after buying an additional 6,591 shares during the period. Finally, Reaves W H & Co. Inc. bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $3,058,000. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Up 1.6%

Shares of ANET stock opened at $202.05 on Tuesday. The business's fifty day moving average is $175.00 and its 200 day moving average is $155.18. The stock has a market cap of $254.83 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89.

Arista Networks (NYSE:ANET - Get Free Report) last announced 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. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The company'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. Equities research analysts expect that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ANET shares. Citigroup reissued a "buy" rating on shares of Arista Networks in a research report on Thursday, August 6th. Truist Financial raised their target price on shares of Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Wolfe Research reiterated an "outperform" rating and set a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Arista Networks presently has a consensus rating of "Buy" and a consensus target price of $226.05.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the transaction, the insider directly owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. This represents a 0.17% decrease in their position. 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 quarter, insiders sold 4,335,168 shares of company stock valued at $798,637,629. 2.70% of the stock is owned by company insiders.

Arista Networks Company Profile

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.

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