Global Retirement Partners LLC Acquires Shares of 27,708 Arista Networks, Inc. $ANET

Key Points

• Global Retirement Partners acquired 27,708 Arista Networks shares worth approximately $4.7 million during the second quarter. Institutional investors and hedge funds collectively own 82.47% of the company.
• Arista insiders sold 4.34 million shares valued at roughly $798.6 million over the past 90 days, including substantial sales by Kenneth Duda and Andreas Bechtolsheim under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and a $226.05 price target. The company also exceeded quarterly estimates, reporting $1.02 in EPS and $3.04 billion in revenue, up 37.7% year over year.

Global Retirement Partners LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,708 shares of the technology company's stock, valued at approximately $4,707,000.

Other institutional investors also recently modified their holdings of the company. Intrua Financial LLC grew its position in Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock valued at $283,000 after purchasing an additional 61 shares during the period. NBT Bank N A NY increased its stake in Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company's stock valued at $30,000 after purchasing an additional 67 shares in the last quarter. Hoxton Planning & Management LLC raised its holdings in Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company's stock worth $214,000 after buying an additional 68 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in Arista Networks by 8.7% during the first quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company's stock worth $107,000 after buying an additional 70 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its stake in shares of Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company's stock valued at $827,000 after buying an additional 72 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 26,000 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the sale, the insider owned 462,400 shares in the company, valued at $78,843,824. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 111,848 shares of Arista Networks stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the completion of the sale, the insider directly owned 109,833 shares in the company, valued at $21,170,310.75. This trade represents a 50.45% 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. In the last ninety days, insiders sold 4,335,168 shares of company stock worth $798,637,629. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANET. KeyCorp reiterated an "overweight" rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen lifted 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. Barclays reissued an "overweight" rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Citigroup reissued a "buy" rating on shares of Arista Networks in a research report on Thursday, August 6th. Two investment 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $226.05.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $202.05 on Tuesday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The firm has a market cap of $254.83 billion, a PE ratio of 63.74, a P/E/G ratio of 2.06 and a beta of 1.60. The stock has a fifty day moving average price of $175.00 and a 200-day moving average price of $155.18.

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 company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm's quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

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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