7,550 Arista Networks, Inc. $ANET Shares Bought by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 22,205.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,584 shares of the technology company’s stock after purchasing an additional 7,550 shares during the period. Halbert Hargrove Global Advisors LLC’s holdings in Arista Networks were worth $1,544,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Main Street Group LTD purchased a new stake in shares of Arista Networks during the first quarter worth $26,000. Sankala Group LLC acquired a new stake in Arista Networks during the fourth quarter valued at $27,000. ABS Investment Management LLC purchased a new position in Arista Networks in the second quarter valued at about $29,000. ABS Direct Equity Fund LLC purchased a new position in Arista Networks in the second quarter valued at about $29,000. Finally, Hilton Head Capital Partners LLC increased its position in Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ANET. Truist Financial raised their price target on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. KeyCorp restated an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Bank of America restated a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $235.45.

Arista Networks Stock Performance

NYSE ANET opened at $185.53 on Friday. The firm has a 50-day simple moving average of $198.69 and a 200 day simple moving average of $174.33. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The stock has a market cap of $234.00 billion, a PE ratio of 58.53, a PEG ratio of 2.27 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share 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 analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. Arista Networks’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,640,616. This represents a 57.19% decrease in their ownership of the stock. The sale 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, CFO Chantelle Breithaupt sold 1,224 shares of Arista Networks stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the sale, the chief financial officer owned 68,697 shares in the company, valued at $14,769,855. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,627,449 shares of company stock valued at $740,784,723 over the last 90 days. Company insiders own 2.70% of the company’s stock.

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.