Essential Partners LLC Has $423,000 Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Essential Partners LLC cut its Arista Networks stake by 84.7% in the second quarter, leaving 2,491 shares valued at approximately $423,000. Institutional investors and hedge funds still own 82.47% of the company.
• Analysts remain broadly bullish, with a consensus rating of “Buy” and an average price target of $226.05. Several firms recently raised their targets, including Needham to $260 and UBS to $259.
• Arista reported quarterly EPS of $1.02, beating estimates of $0.89, while revenue rose 37.7% year over year to $3.04 billion. However, insiders sold about $798.5 million of stock over the past three months, including major sales by CEO Jayshree Ullal and shareholder Andreas Bechtolsheim.

Essential Partners LLC trimmed its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 84.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,491 shares of the technology company's stock after selling 13,764 shares during the quarter. Essential Partners LLC's holdings in Arista Networks were worth $423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks during the 4th quarter worth about $202,000. Bison Wealth LLC bought a new stake in shares of Arista Networks during the 4th quarter worth about $251,000. Sivia Capital Partners LLC grew its stake in Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company's stock valued at $1,097,000 after buying an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company's stock valued at $429,000 after buying an additional 1,000 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Arista Networks from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. UBS Group reiterated a "buy" rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Morgan Stanley reissued an "overweight" rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, TD Cowen boosted their price target on Arista Networks from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks presently has an average rating of "Buy" and a consensus price target of $226.05.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 111,848 shares of Arista Networks stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $192.75, for a total value of $21,558,702.00. Following the completion of the transaction, the insider directly owned 109,833 shares of the company's stock, valued at $21,170,310.75. The trade was a 50.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $208.13, for a total value of $119,364,428.17. Following the sale, the chief executive officer owned 25,000 shares of the company's stock, valued at approximately $5,203,250. The trade was a 95.82% decrease in their ownership of the stock. 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 three months, insiders sold 4,334,197 shares of company stock worth $798,500,786. 2.70% of the stock is owned by corporate insiders.

Arista Networks Stock Down 4.6%

NYSE ANET opened at $192.61 on Wednesday. The firm has a 50-day moving average price of $175.81 and a two-hundred day moving average price of $155.48. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89. The company has a market capitalization of $242.93 billion, a P/E ratio of 60.76, a P/E/G ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS 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 company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm earned $0.73 earnings per share. The business's revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current year.

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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