MassMutual Private Wealth & Trust FSB Purchases 88,361 Shares of Arista Networks, Inc. $ANET

Key Points

• MassMutual Private Wealth & Trust FSB increased its Arista Networks position by 1,049.4% in the third quarter, purchasing 88,361 additional shares for a total holding of 96,781 shares valued at approximately $19.7 million.
• Analyst sentiment remains positive: Arista has an average “Buy” rating and a consensus price target of $231.70, with Needham and Barclays recently raising their targets to $260 and $289, respectively.
• Arista reported strong quarterly results, with EPS of $1.02 beating estimates of $0.89 and revenue rising 37.7% year over year to $3.04 billion. However, insiders sold more than 3.38 million shares worth approximately $675.9 million over the past three months.

MassMutual Private Wealth & Trust FSB lifted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 1,049.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,781 shares of the technology company's stock after buying an additional 88,361 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Arista Networks were worth $19,704,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Cura Wealth Advisors LLC boosted its holdings in shares of Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock valued at $297,000 after purchasing an additional 52 shares during the last quarter. Madison Wealth Partners Inc raised its position in shares of Arista Networks by 2.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock worth $370,000 after buying an additional 60 shares during the period. Intrua Financial LLC boosted its holdings in Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock valued at $283,000 after acquiring an additional 61 shares during the last quarter. Shepherd Financial Partners LLC boosted its holdings in Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company's stock valued at $918,000 after acquiring an additional 66 shares during the last quarter. Finally, NBT Bank N A NY grew its position 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 valued at $30,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 62,622 shares of the firm's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $211.40, for a total transaction of $13,238,290.80. Following the completion of the sale, the chief executive officer directly owned 4,876,972 shares of the company's stock, valued at approximately $1,030,991,880.80. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction on Monday, September 21st. The stock was sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the completion of the transaction, the insider directly owned 12,976 shares of the company's stock, valued at approximately $2,640,616. This represents a 57.19% 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 have sold 3,382,316 shares of company stock valued at $675,904,720 over the last three months. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ANET. Weiss Ratings upgraded Arista Networks from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Barclays reiterated an "overweight" rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks 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 report on Wednesday, July 15th. Finally, Wolfe Research restated an "outperform" rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to data from MarketBeat.com, Arista Networks has an average rating of "Buy" and an average price target of $231.70.

Arista Networks Price Performance

Shares of ANET opened at $207.50 on Monday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The stock's 50-day moving average is $193.78 and its two-hundred day moving average is $169.54. The stock has a market cap of $261.70 billion, a PE ratio of 65.46, a P/E/G ratio of 2.44 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts anticipate that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company's software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.

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