Arista Networks, Inc. $ANET Stock Position Lifted by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Arista Networks stake by 165.9% in the second quarter, bringing its holdings to 159,817 shares valued at approximately $27.15 million. Institutional investors collectively own 82.47% of ANET.
• Arista reported stronger-than-expected quarterly results, with adjusted EPS of $1.02 and revenue of $3.04 billion, up 37.7% year over year. The company provided third-quarter EPS guidance of $1.06–$1.08.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $227.80. ANET recently traded near $203.25, while CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim sold shares under pre-arranged trading plans.

Envestnet Portfolio Solutions Inc. lifted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 165.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,817 shares of the technology company's stock after acquiring an additional 99,707 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Arista Networks were worth $27,150,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ANET. Deutsche Bank AG lifted its position in shares of 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 buying an additional 388,354 shares during the last quarter. Jefferies Financial Group Inc. grew its position in shares of Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company's stock valued at $2,309,000 after buying an additional 6,591 shares during the last quarter. Reaves W H & Co. Inc. bought a new stake in shares of Arista Networks during the 4th quarter valued at about $3,058,000. First National Bank of Mount Dora Trust Investment Services acquired a new stake in Arista Networks during the first quarter worth about $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. raised its stake in Arista Networks by 564.1% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company's stock worth $2,862,000 after acquiring an additional 14,310 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction 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. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was 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 sold 3,784,361 shares of company stock valued at $736,922,644 over the last quarter. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent research reports. Barclays reissued an "overweight" rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Truist Financial increased their price target on Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Wolfe Research reissued an "outperform" rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. Finally, Rosenblatt Securities boosted their price objective on Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a research report 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 stock. According to MarketBeat, Arista Networks currently has a consensus rating of "Buy" and a consensus target price of $227.80.

Arista Networks Trading Down 0.9%

ANET stock traded down $1.95 during trading on Wednesday, hitting $203.25. The company had a trading volume of 3,965,779 shares, compared to its average volume of 8,126,630. The business has a 50 day moving average of $188.56 and a 200 day moving average of $165.68. The firm has a market capitalization of $256.34 billion, a price-to-earnings ratio of 64.12, a P/E/G ratio of 2.44 and a beta of 1.62. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89.

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. 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 quarter last year, the company earned $0.73 EPS. Arista Networks's quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current year.

Arista Networks Company Profile

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company's software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.

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