Danica Pension Livsforsikringsaktieselskab Purchases 107,887 Shares of Arista Networks, Inc. $ANET

Danica Pension Livsforsikringsaktieselskab grew its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 229.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,997 shares of the technology company's stock after buying an additional 107,887 shares during the quarter. Danica Pension Livsforsikringsaktieselskab's holdings in Arista Networks were worth $26,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANET. Cura Wealth Advisors LLC increased its stake in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock valued at $297,000 after acquiring an additional 52 shares during the last quarter. Intrua Financial LLC lifted its stake in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock worth $283,000 after purchasing an additional 61 shares during the last quarter. NBT Bank N A NY lifted its stake in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company's stock worth $30,000 after purchasing an additional 67 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in shares of Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company's stock valued at $214,000 after purchasing an additional 68 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in shares of Arista Networks by 8.7% in the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company's stock valued at $107,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Activity

In other news, CEO Jayshree Ullal sold 767,029 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company'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 value of $60,990,000.00. Following the completion of the transaction, the insider directly owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. This represents a 0.17% 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. Insiders sold 4,334,197 shares of company stock valued at $798,500,786 over the last quarter. Corporate insiders own 2.70% of the company's stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $192.61 on Wednesday. The company has a fifty day moving average of $175.81 and a 200-day moving average of $155.48. The company has a market capitalization of $242.93 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate 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 for the quarter 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. On average, equities analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of research analyst reports. Zacks Research raised Arista Networks from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Truist Financial raised their price objective on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. KeyCorp reiterated 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. Raymond James Financial raised Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 target price for the company in a research note on Friday, May 15th. Finally, TD Cowen increased their target price on shares of Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Arista Networks presently has an average rating of "Buy" and a consensus target price of $226.05.

Arista Networks 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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