Nykredit A S Takes Position in Arista Networks, Inc. $ANET

Key Points

• Nykredit A/S acquired 410,815 Arista Networks shares worth approximately $69.8 million, joining several major institutions that increased or initiated positions. Institutional investors collectively own 82.47% of ANET.
• Arista reported quarterly EPS of $1.02, exceeding the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion. Shares opened at $199.70, near their 52-week high of $214.89.
• Analysts maintain a broadly bullish outlook, with a consensus “Buy” rating and an average price target of $227.80. Meanwhile, insiders sold roughly $684.7 million of stock over the past three months, including sales by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim.

Nykredit A S acquired a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 410,815 shares of the technology company's stock, valued at approximately $69,789,000.

Several other institutional investors and hedge funds have also bought and sold shares of ANET. State Street Corp raised its stake in Arista Networks by 1.4% in the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company's stock valued at $6,154,570,000 after purchasing an additional 628,146 shares in the last quarter. Geode Capital Management LLC grew its position in Arista Networks by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company's stock worth $3,455,095,000 after acquiring an additional 477,625 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Arista Networks by 34.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after acquiring an additional 2,497,275 shares in the last quarter. Deutsche Bank AG increased its stake in Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock valued at $1,589,651,000 after acquiring an additional 388,354 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Arista Networks in the 4th quarter worth about $1,558,563,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $199.70 on Friday. The firm has a market capitalization of $251.86 billion, a P/E ratio of 63.00, a P/E/G ratio of 2.37 and a beta of 1.62. The stock has a 50 day moving average price of $187.62 and a 200-day moving average price of $164.37. 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 earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business's revenue was up 37.7% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. 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 Ratings Changes

A number of research firms recently weighed in on ANET. Zacks Research upgraded Arista Networks from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Morgan Stanley reiterated an "overweight" rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a research note on Monday, August 31st. They set a "buy" rating and a $220.00 price objective on the stock. Wells Fargo & Company restated an "overweight" rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Truist Financial raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $227.80.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business's stock in a transaction dated 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 sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,527,694 shares of company stock worth $684,665,787. 2.70% of the stock is owned by corporate insiders.

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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