Retireful LLC Makes New $1.65 Million Investment in Arista Networks, Inc. $ANET

Key Points

• Retireful LLC acquired 9,682 Arista Networks shares during the second quarter, valued at approximately $1.65 million and representing about 1.6% of its portfolio. Institutional investors collectively own 82.47% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $225.76; recent targets range from $220 to $289.
• Arista reported quarterly earnings of $1.02 per share and revenue of $3.04 billion, exceeding estimates, while revenue grew 37.7% year over year. However, insiders sold roughly $761.4 million of stock over the past 90 days, including substantial sales by the CEO and a major shareholder.

Retireful LLC acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,682 shares of the technology company's stock, valued at approximately $1,645,000. Arista Networks makes up about 1.6% of Retireful LLC's portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position 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 worth $6,154,570,000 after purchasing an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company's stock valued at $4,870,618,000 after purchasing an additional 380,724 shares during the last quarter. Geode Capital Management LLC lifted its position in Arista Networks by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company's stock valued at $3,455,095,000 after purchasing an additional 477,625 shares during the last quarter. Norges Bank purchased a new position in shares of Arista Networks in the 4th quarter worth $1,558,563,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after buying an additional 2,497,275 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ANET. Piper Sandler restated an "overweight" rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reiterated an "overweight" rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a research note on Monday. They set a "buy" rating and a $220.00 price objective on the stock. Jefferies Financial Group set a $250.00 price objective on Arista Networks in a research report on Wednesday, August 5th. Finally, TD Cowen raised their price objective 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 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $225.76.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $185.78 on Thursday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The business has a 50 day simple moving average of $181.71 and a two-hundred day simple moving average of $159.57. The firm has a market capitalization of $234.31 billion, a PE ratio of 58.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.62.

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 the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company'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 research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,002,082 shares of company stock worth $761,352,976 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

About Arista Networks

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source