317,209 Shares of Arista Networks, Inc. $ANET Bought by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Arista Networks, Inc. (NYSE:ANET) during the third quarter, HoldingsChannel.com reports. The firm purchased 317,209 shares of the technology company’s stock, valued at approximately $64,581,000. Arista Networks accounts for about 3.5% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after buying an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Arista Networks by 34.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after acquiring an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after acquiring an additional 6,409,612 shares during the period. Deutsche Bank AG lifted its holdings in Arista Networks by 4.3% in the 2nd 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, Wellington Management Group LLP lifted its stake in shares of Arista Networks by 5.9% in the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock worth $1,433,951,000 after acquiring an additional 470,451 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Down 5.1%

Shares of ANET stock opened at $185.53 on Friday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The stock’s fifty day simple moving average is $198.69 and its 200-day simple moving average is $174.33. The company has a market capitalization of $234.00 billion, a price-to-earnings ratio of 58.53, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ANET shares. TD Cowen boosted their price objective on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein began coverage on Arista Networks in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 target price for the company. Weiss Ratings lowered shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. BNP Paribas Exane upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $235.45.

Insider Transactions at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the transaction, the insider directly owned 180,543,048 shares in the company, valued at $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 4,774,691 shares of the company’s stock, valued at approximately $1,036,585,416.10. This trade represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last three months. 2.70% of the stock is currently owned by company insiders.

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.