8,756 Arista Networks, Inc. $ANET Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 118.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,178 shares of the technology company’s stock after purchasing an additional 8,756 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Arista Networks were worth $3,294,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC lifted its position in Arista Networks by 19.9% during the third quarter. WealthPlan Investment Management LLC now owns 33,048 shares of the technology company’s stock valued at $6,728,000 after purchasing an additional 5,492 shares during the last quarter. Kellett Wealth Advisors LLC bought a new position in shares of Arista Networks during the 3rd quarter valued at about $1,815,000. HBW Advisory Services LLC raised its holdings in shares of Arista Networks by 435.8% during the 3rd quarter. HBW Advisory Services LLC now owns 32,903 shares of the technology company’s stock valued at $6,699,000 after buying an additional 26,762 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in Arista Networks in the 3rd quarter worth approximately $239,114,000. Finally, B.A. Schrock Wealth Management Inc. bought a new stake in Arista Networks in the 3rd quarter worth approximately $295,000. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 130,553 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 4,774,691 shares in the company, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark B. Templeton sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total value of $1,021,850.00. Following the transaction, the director directly owned 48,410 shares of the company’s stock, valued at $9,893,551.70. This represents a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,627,449 shares of company stock valued at $740,784,723 over the last quarter. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. 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 report on Wednesday, August 5th. Finally, UBS Group reiterated a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $235.45.

Arista Networks Price Performance

Arista Networks stock traded down $12.14 during trading hours on Thursday, reaching $183.28. The stock had a trading volume of 6,047,001 shares, compared to its average volume of 7,858,619. The stock has a market cap of $231.15 billion, a PE ratio of 57.77, a PEG ratio of 2.38 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The company has a fifty day simple moving average of $198.83 and a 200-day simple moving average of $173.87.

Arista Networks (NYSE:ANET) last posted 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. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Arista Networks Company 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.