Arista Networks, Inc. $ANET Shares Bought by CX Institutional

Key Points

• CX Institutional increased its Arista Networks stake by 954.6% in the third quarter, owning 87,651 shares valued at approximately $17.8 million. Institutional investors and hedge funds collectively own 82.47% of ANET.
• Wall Street remains broadly bullish, with analysts assigning the stock an average rating of “Buy” and a consensus price target of $231.70, compared with its recent price of $207.50.
• Arista reported stronger-than-expected quarterly results, posting $1.02 in EPS versus the $0.89 consensus estimate and $3.04 billion in revenue, up 37.7% year over year. However, insiders sold $675.9 million of stock over the past three months, including sales by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim.

CX Institutional increased its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 954.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,651 shares of the technology company's stock after buying an additional 79,340 shares during the period. CX Institutional's holdings in Arista Networks were worth $17,845,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock valued at $20,606,975,000 after acquiring an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 acquiring an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. grew its position in shares of 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Arista Networks by 3.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,528,887 shares of the technology company's stock valued at $1,248,570,000 after purchasing an additional 287,385 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock worth $1,589,651,000 after purchasing an additional 388,354 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Wall Street Analyst Weigh In

ANET has been the subject of several research reports. Rosenblatt Securities lifted their price target on Arista Networks from $210.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Wolfe Research reiterated an "outperform" rating and set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a "buy" rating and set a $225.00 target price on shares of Arista Networks in a report on Wednesday, August 5th. KeyCorp reissued an "overweight" rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Truist Financial upped their price target on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to MarketBeat, Arista Networks presently has an average rating of "Buy" and a consensus target price of $231.70.

Arista Networks Price Performance

ANET traded up $3.01 on Friday, hitting $207.50. 4,145,132 shares of the stock were exchanged, compared to its average volume of 7,979,751. The firm has a market capitalization of $261.70 billion, a price-to-earnings ratio of 65.46, a PEG ratio of 2.39 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The business has a 50-day moving average of $193.11 and a two-hundred day moving average of $169.03.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results 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 for 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%. The business's quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on 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 transaction, the insider directly owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer 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. 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. Insiders sold 3,382,316 shares of company stock worth $675,904,720 over the last three months. 2.70% of the stock is currently owned by insiders.

Arista Networks 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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