Polaris Financial Partners Makes New Investment in Arista Networks, Inc. $ANET

Polaris Financial Partners purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,012 shares of the technology company’s stock, valued at approximately $1,840,000. Arista Networks accounts for approximately 0.9% of Polaris Financial Partners’ portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boltwood Capital Management purchased a new stake in shares of Arista Networks during the 3rd quarter valued at approximately $1,124,000. CX Institutional grew its stake in Arista Networks by 954.6% in the 3rd quarter. CX Institutional now owns 87,651 shares of the technology company’s stock valued at $17,845,000 after buying an additional 79,340 shares in the last quarter. First Financial Bank Trust Division purchased a new position in Arista Networks in the 3rd quarter valued at approximately $4,878,000. Doliver Advisors LP raised its holdings in Arista Networks by 2,019.2% during the 3rd quarter. Doliver Advisors LP now owns 28,418 shares of the technology company’s stock valued at $5,786,000 after acquiring an additional 27,077 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in Arista Networks during the 3rd quarter valued at $341,789,000. 82.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jayshree Ullal sold 767,029 shares of the company’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 directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% 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. Insiders have sold 3,382,316 shares of company stock valued at $675,904,720 in the last three months. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Rosenblatt Securities increased their price objective on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a research note on Monday, August 31st. They issued a “buy” rating and a $220.00 target price for the company. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $250.00 price target on Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $231.70.

Arista Networks Stock Up 1.5%

NYSE:ANET traded up $3.01 during trading hours on Friday, hitting $207.50. 4,145,132 shares of the company’s stock traded hands, compared to its average volume of 7,979,751. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The business’s fifty day simple moving average is $193.11 and its two-hundred day simple moving average is $169.03. The firm has a market cap of $261.70 billion, a P/E ratio of 65.46, a P/E/G ratio of 2.39 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business 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 company earned $0.73 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.74 EPS 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.