Arista Networks, Inc. $ANET Stock Bought by Gunderson Capital Management LLC

Gunderson Capital Management LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 15.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,661 shares of the technology company’s stock after purchasing an additional 9,487 shares during the quarter. Arista Networks comprises approximately 3.8% of Gunderson Capital Management LLC’s portfolio, making the stock its 12th largest holding. Gunderson Capital Management LLC’s holdings in Arista Networks were worth $14,182,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cura Wealth Advisors LLC grew its holdings in Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after acquiring an additional 52 shares during the last quarter. Affinity Capital Advisors LLC increased its position in shares of Arista Networks by 1.4% in the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock valued at $817,000 after acquiring an additional 53 shares during the period. Madison Wealth Partners Inc raised its stake in shares of Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after acquiring an additional 60 shares during the last quarter. Intrua Financial LLC raised its stake in shares of Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after acquiring an additional 61 shares during the last quarter. Finally, Shepherd Financial Partners LLC raised its stake in shares of Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after acquiring an additional 66 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jayshree Ullal sold 130,553 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $217.10, for a total value of $28,343,056.30. Following the completion of the sale, the chief executive officer directly owned 4,774,691 shares in the company, valued at $1,036,585,416.10. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the transaction, the insider directly owned 180,543,048 shares in the company, valued at approximately $35,919,039,399.60. 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. Over the last 90 days, insiders have sold 3,627,449 shares of company stock worth $740,784,723. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

ANET has been the topic of several recent analyst reports. 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 on the stock. TD Cowen boosted their price target on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Evercore reiterated an “outperform” rating on shares of Arista Networks in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Arista Networks Stock Down 6.1%

Shares of NYSE:ANET traded down $12.00 during trading on Thursday, hitting $183.42. The stock had a trading volume of 6,047,001 shares, compared to its average volume of 7,858,619. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The company has a market capitalization of $231.34 billion, a PE ratio of 57.77, a PEG ratio of 2.38 and a beta of 1.60. The firm’s fifty day moving average is $198.83 and its 200 day moving average is $173.87.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal 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.