Syntax Research Inc. Trims Stock Holdings in Arista Networks, Inc. $ANET

Syntax Research Inc. reduced its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 73.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,590 shares of the technology company’s stock after selling 15,675 shares during the period. Arista Networks comprises 0.7% of Syntax Research Inc.’s portfolio, making the stock its 24th biggest position. Syntax Research Inc.’s holdings in Arista Networks were worth $950,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp increased 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 worth $6,154,570,000 after purchasing an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 period. Geode Capital Management LLC boosted its stake in shares of 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 period. Norges Bank bought a new position in shares of Arista Networks in the fourth quarter worth about $1,558,563,000. Finally, Massachusetts Financial Services Co. MA increased its stake in 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 during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

ANET has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arista Networks in a research note on Monday. They issued a “buy” rating and a $220.00 target price on the stock. 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. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Finally, Evercore reissued an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. Two investment 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’s stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus target price of $225.76.

Arista Networks Price Performance

NYSE:ANET opened at $191.13 on Friday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The company has a 50-day moving average of $182.22 and a 200 day moving average of $159.92. The firm has a market cap of $241.06 billion, a PE ratio of 60.29, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $191.79, for a total transaction of $2,648,428.11. Following the transaction, the chief executive officer directly owned 9,917 shares in the company, valued at approximately $1,901,981.43. This trade represents a 58.20% decrease in their ownership of the stock. 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 that occurred on Thursday, August 20th. The shares were sold at an average price of $185.42, for a total transaction of $3,213,884.86. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $2,406,009.92. The trade was a 57.19% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 3,782,694 shares of company stock worth $726,728,187. Insiders own 2.70% of the company’s stock.

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.