17,619 Arista Networks, Inc. $ANET Shares Bought by Mather Group LLC.

Mather Group LLC. grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 79.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,817 shares of the technology company’s stock after purchasing an additional 17,619 shares during the period. Mather Group LLC.’s holdings in Arista Networks were worth $8,106,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after buying an additional 6,409,612 shares in the last quarter. Deutsche Bank AG boosted its holdings in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after buying an additional 388,354 shares in the last quarter. Finally, Amundi boosted its holdings in Arista Networks by 5.7% during the first quarter. Amundi now owns 9,064,443 shares of the technology company’s stock worth $1,112,932,000 after buying an additional 491,173 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, 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 transaction, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade represents a 4.47% 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. In the last ninety days, insiders have sold 3,627,449 shares of company stock worth $740,784,723. Insiders own 2.70% of the company’s stock.

Arista Networks Stock Down 5.1%

ANET opened at $185.53 on Friday. The stock has a fifty day moving average of $198.69 and a 200-day moving average of $174.33. The firm has a market capitalization of $234.00 billion, a P/E ratio of 58.53, a PEG ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Arista Networks’s 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 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ANET. Sanford C. Bernstein began coverage on shares of Arista Networks in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price target on the stock. Jefferies Financial Group set a $250.00 price objective on Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities raised their price objective on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, KeyCorp restated an “overweight” rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

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.