Arista Networks, Inc. $ANET Shares Bought by Mather Group LLC.

Key Points

• Mather Group increased its Arista Networks stake by 79.4% in the third quarter, bringing its holdings to 39,817 shares valued at approximately $8.1 million. Institutional investors and hedge funds collectively own 82.47% of ANET.
• Company insiders have been selling shares, including CEO Jayshree Ullal’s $28.3 million sale. Insiders sold 3.63 million shares worth $740.8 million over the past 90 days.
• Analysts maintain a largely positive outlook, with a consensus “Moderate Buy” rating and a $235.45 price target. Arista also exceeded quarterly earnings and revenue expectations, reporting 37.7% year-over-year revenue growth.

Mather Group LLC. grew its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 79.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,817 shares of the technology company's stock after purchasing an additional 17,619 shares during the quarter. Mather Group LLC.'s holdings in Arista Networks were worth $8,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Arista Networks by 159.4% during the second 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. Jupiter Topco LLC acquired a new stake in shares of Arista Networks in the 2nd quarter worth about $1,101,860,000. Envestnet Asset Management Inc. increased its holdings in shares of Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock worth $1,635,978,000 after acquiring an additional 6,409,612 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Arista Networks in the 2nd quarter worth about $537,736,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock valued at $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mark Templeton sold 5,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the transaction, the director owned 48,410 shares in the company, valued at $9,893,551.70. This represents a 9.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of the firm's 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 transaction, the chief executive officer directly owned 4,774,691 shares in the company, valued at approximately $1,036,585,416.10. The trade was a 2.66% 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 ninety days, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating and set a $225.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Wells Fargo & Company restated an "overweight" rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities raised their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a research note on Monday, August 31st. They issued a "buy" rating and a $220.00 price target on the stock. Finally, Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and a consensus price target of $235.45.

Arista Networks Stock Performance

Shares of ANET stock opened at $185.53 on Friday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.41. The firm has a market capitalization of $234.00 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. The stock has a fifty day moving average of $198.69 and a two-hundred day moving average of $174.33.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.73 earnings per share. The company's quarterly 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. Equities research analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

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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