Arista Networks, Inc. $ANET Shares Purchased by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers increased its Arista Networks position by 4.6% in the second quarter, adding 7,744 shares to hold 174,820 shares valued at approximately $29.7 million. Institutional investors and hedge funds own 82.47% of ANET.
• Analysts remain broadly bullish, with an average rating of “Buy” and a consensus price target of $226.05. Arista recently exceeded quarterly expectations, reporting $1.02 EPS and $3.04 billion in revenue, up 37.7% year over year.
• ANET opened at $192.61 after a reported 4.6% decline, while insiders sold more than 4.3 million shares worth approximately $798.5 million over the past three months under pre-arranged trading plans.

Wealthfront Advisers LLC increased its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,820 shares of the technology company's stock after acquiring an additional 7,744 shares during the period. Wealthfront Advisers LLC's holdings in Arista Networks were worth $29,698,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ANET. Norges Bank bought a new position in Arista Networks during the 4th quarter valued at $1,558,563,000. M&T Bank Corp boosted its stake in Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company's stock valued at $525,741,000 after buying an additional 3,890,146 shares in the last quarter. Franklin Resources Inc. boosted its stake in Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company's stock valued at $1,032,302,000 after buying an additional 2,934,098 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in 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. Finally, Pictet Asset Management Holding SA grew its holdings in Arista Networks by 86.0% during the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company's stock worth $520,168,000 after acquiring an additional 1,960,829 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ANET shares. Rosenblatt Securities upped their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a 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. Weiss Ratings downgraded shares of Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. Evercore reissued an "outperform" rating on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Raymond James Financial upgraded shares of Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 target price for the company in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $226.05.

Arista Networks Stock Down 4.6%

NYSE:ANET opened at $192.61 on Wednesday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The firm has a market capitalization of $242.93 billion, a price-to-earnings ratio of 60.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The stock has a fifty day simple moving average of $175.81 and a 200 day simple moving average of $155.48.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks's revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Arista Networks

In other 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 transaction was disclosed in a legal filing with the SEC, which is available at 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 sale, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,334,197 shares of company stock worth $798,500,786. 2.70% of the stock is currently owned by insiders.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.

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