Stableford Capital II LLC Makes New $1.10 Million Investment in Arista Networks, Inc. $ANET

Key Points

• Stableford Capital II LLC initiated a $1.10 million position in Arista Networks by purchasing 6,482 shares during the second quarter. Institutional investors collectively own 82.47% of the company.
• Arista’s CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim sold shares worth approximately $215.3 million combined under pre-arranged Rule 10b5-1 plans; insiders have sold $726.7 million of stock over the past 90 days.
• The company reported strong quarterly results, with revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02, beating estimates. Analysts maintain an overall “Buy” rating with an average price target of $225.76.

Stableford Capital II LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,482 shares of the technology company's stock, valued at approximately $1,101,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ANET. Hudock Inc. boosted its stake in Arista Networks by 6.2% during the second quarter. Hudock Inc. now owns 1,853 shares of the technology company's stock valued at $315,000 after buying an additional 108 shares in the last quarter. Allworth Financial LP raised its stake in Arista Networks by 2.4% during the 2nd quarter. Allworth Financial LP now owns 48,490 shares of the technology company's stock valued at $8,237,000 after purchasing an additional 1,150 shares during the period. Arizona State Retirement System boosted its position in Arista Networks by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 296,365 shares of the technology company's stock worth $50,346,000 after acquiring an additional 2,984 shares during the period. West Family Investments Inc. increased its stake in Arista Networks by 1.6% in the 2nd quarter. West Family Investments Inc. now owns 4,700 shares of the technology company's stock valued at $798,000 after buying an additional 76 shares during the period. Finally, Waverly Advisors LLC raised its holdings in shares of Arista Networks by 8.3% during the second quarter. Waverly Advisors LLC now owns 25,464 shares of the technology company's stock worth $4,326,000 after acquiring an additional 1,959 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm'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 transaction, the insider owned 181,143,048 shares of the company's stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $154,341,575.38. Following the completion of the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% 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 90 days, insiders have sold 3,782,694 shares of company stock worth $726,728,187. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. Truist Financial raised their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Wolfe Research reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, Needham & Company LLC restated a "buy" rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $225.76.

Arista Networks Stock Performance

Shares of ANET stock opened at $194.81 on Wednesday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The stock has a market capitalization of $245.70 billion, a PE ratio of 61.46, a PEG ratio of 2.30 and a beta of 1.62. The stock's fifty day moving average is $184.02 and its 200-day moving average is $161.04.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $0.73 earnings per share. Arista Networks's quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

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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