Arista Networks, Inc. $ANET Shares Newly Acquired by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw acquired 19,777 Arista Networks shares in the third quarter, worth approximately $4.0 million. Institutional investors and hedge funds collectively own 82.47% of the company.
• Arista reported stronger-than-expected quarterly results, with earnings of $1.02 per share and revenue of $3.04 billion, up 37.7% year over year. The stock recently traded at $207.22, near its 12-month high of $214.89.
• Wall Street remains bullish, with the stock carrying a consensus “Buy” rating and an average price target of $231.70. However, insiders—including CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim—sold shares under pre-arranged trading plans.

Neville Rodie & Shaw Inc. purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,777 shares of the technology company's stock, valued at approximately $4,026,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock worth $20,606,975,000 after acquiring an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Arista Networks by 34.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in 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 valued at $1,635,978,000 after purchasing an additional 6,409,612 shares in the last quarter. Deutsche Bank AG grew its stake in Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock worth $1,589,651,000 after acquiring an additional 388,354 shares during the period. Finally, Wellington Management Group LLP increased its stake in Arista Networks by 5.9% in the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company's stock valued at $1,433,951,000 after purchasing an additional 470,451 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Trading Down 0.1%

NYSE:ANET traded down $0.13 during mid-day trading on Monday, hitting $207.22. 1,564,318 shares of the company's stock traded hands, compared to its average volume of 7,945,710. The firm has a 50 day moving average of $193.78 and a two-hundred day moving average of $169.54. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The firm has a market capitalization of $261.35 billion, a price-to-earnings ratio of 65.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the firm 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. As a group, equities research analysts expect that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ANET. Truist Financial raised their price objective on Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Barclays reissued an "overweight" rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Rosenblatt Securities lifted their target price on Arista Networks from $210.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Citigroup reiterated a "buy" rating on shares of Arista Networks in a research report on Thursday, August 6th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $231.70.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business's stock in a transaction 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 owned 181,143,048 shares in the company, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks 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 transaction, the chief executive officer owned 16,387,981 shares of the company's stock, valued at $3,297,589,536.82. This trade represents a 4.47% 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. Insiders have sold 3,382,316 shares of company stock valued at $675,904,720 over the last quarter. Company insiders own 2.70% of the company's stock.

About Arista Networks

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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