Arista Networks, Inc. $ANET Shares Acquired by WealthPLAN Partners LLC

Key Points

• WealthPLAN Partners increased its Arista Networks stake by 573.9% in the third quarter, bringing its holdings to 10,930 shares valued at approximately $2.23 million. Institutional investors and hedge funds collectively own 82.47% of the company.
• Arista shares fell 5.4% to $184.79, despite strong quarterly results: earnings per share reached $1.02 versus the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion.
• Analysts remain bullish, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $235.45. However, insiders sold 3.63 million shares worth about $740.8 million over the past quarter, including significant sales by CEO Jayshree Ullal.

WealthPLAN Partners LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 573.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,930 shares of the technology company's stock after purchasing an additional 9,308 shares during the quarter. WealthPLAN Partners LLC's holdings in Arista Networks were worth $2,225,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANET. Cura Wealth Advisors LLC grew its stake in shares of Arista Networks by 3.1% during the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock worth $297,000 after acquiring an additional 52 shares in the last quarter. Affinity Capital Advisors LLC increased its position in shares of Arista Networks by 1.4% in the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company's stock valued at $817,000 after acquiring an additional 53 shares during the last quarter. Madison Wealth Partners Inc raised its holdings in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock worth $370,000 after acquiring an additional 60 shares in the last quarter. Intrua Financial LLC boosted its position in Arista Networks by 2.7% during the first 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 last quarter. Finally, Shepherd Financial Partners LLC boosted its position in Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company's stock valued at $918,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Trading Down 5.4%

ANET stock traded down $10.63 during mid-day trading on Thursday, reaching $184.79. The company's stock had a trading volume of 6,350,349 shares, compared to its average volume of 7,861,133. The company has a market cap of $233.06 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.60. The business's 50 day moving average price is $198.83 and its 200 day moving average price is $173.87. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Barclays restated an "overweight" rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a research note on Monday, August 31st. They set a "buy" rating and a $220.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $235.45.

Insider Activity

In related news, CEO Jayshree Ullal sold 130,553 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 4,774,691 shares in the company, valued at approximately $1,036,585,416.10. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, insider Kenneth Duda sold 17,333 shares of the stock in a transaction 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 owned 12,976 shares of the company's stock, valued at $2,640,616. The trade was a 57.19% decrease in their position. 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 worth $740,784,723. 2.70% of the stock is owned by insiders.

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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