6,736 Shares in Arista Networks, Inc. $ANET Bought by Barlow Wealth Partners LLC

Key Points

• Barlow Wealth Partners purchased 6,736 Arista Networks shares worth approximately $1.37 million in the third quarter. Institutional investors collectively own 82.47% of the company.
• Arista reported strong quarterly results, with revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02, exceeding analyst expectations of $0.89.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $235.45, while insiders have sold more than $740 million in stock over the past quarter.

Barlow Wealth Partners LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,736 shares of the technology company's stock, valued at approximately $1,371,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ABS Investment Management LLC bought a new position in Arista Networks during the 2nd quarter valued at $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks in the 2nd quarter worth about $29,000. Kelleher Financial Advisors bought a new stake in shares of Arista Networks in the 2nd quarter worth about $31,000. Cornerstone Financial Management LLC raised its stake in shares of Arista Networks by 61.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company's stock valued at $31,000 after purchasing an additional 70 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at about $27,000. Institutional investors own 82.47% of the company's stock.

Arista Networks Trading Down 5.1%

Shares of NYSE:ANET opened at $185.53 on Friday. The firm's 50 day moving average is $198.69 and its two-hundred day moving average is $174.33. The firm has a market capitalization of $234.00 billion, a P/E ratio of 58.53, a PEG 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 announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. Arista Networks's revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on ANET shares. Sanford C. Bernstein began coverage on shares of Arista Networks in a research report on Wednesday, September 30th. They set an "outperform" rating and a $250.00 price target on the stock. The Goldman Sachs Group restated a "buy" rating and set a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on Arista Networks in a research report on Wednesday, August 5th. Evercore reiterated an "outperform" rating on shares of Arista Networks in a research report on Wednesday, October 7th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and an average price target of $235.45.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 130,553 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the completion of the sale, the chief executive officer directly owned 4,774,691 shares in the company, valued at approximately $1,036,585,416.10. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the sale, the insider owned 180,543,048 shares of the company's stock, valued at $35,919,039,399.60. The trade was a 0.17% 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 quarter, insiders sold 3,627,449 shares of company stock valued at $740,784,723. Corporate insiders own 2.70% of the company's stock.

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.

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