Andra AP fonden Raises Position in Arista Networks, Inc. $ANET

Andra AP fonden lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 106.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,400 shares of the technology company’s stock after purchasing an additional 265,400 shares during the quarter. Arista Networks comprises about 1.0% of Andra AP fonden’s portfolio, making the stock its 18th biggest position. Andra AP fonden’s holdings in Arista Networks were worth $87,556,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after acquiring an additional 74,541,134 shares during the last quarter. Norges Bank acquired a new stake in Arista Networks in the 4th quarter worth approximately $1,558,563,000. Jupiter Topco LLC purchased a new stake in Arista Networks during the 2nd quarter worth approximately $1,101,860,000. Alyeska Investment Group L.P. purchased a new stake in Arista Networks during the 2nd quarter worth approximately $537,736,000. Finally, Franklin Resources Inc. increased its stake in Arista Networks by 59.3% during the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after purchasing an additional 2,934,098 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider directly owned 181,143,048 shares of the company’s stock, valued at $36,826,381,658.40. This represents a 0.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,784,361 shares of company stock valued at $736,922,644. Insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

ANET stock traded down $1.30 during trading on Tuesday, hitting $204.12. 1,698,791 shares of the company traded hands, compared to its average volume of 8,133,324. The stock’s 50-day simple moving average is $188.10 and its 200 day simple moving average is $165.18. The company has a market cap of $257.44 billion, a PE ratio of 64.41, a P/E/G ratio of 2.37 and a beta of 1.62. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The business 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 business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts expect that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ANET. Piper Sandler reiterated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Barclays reissued an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $250.00 target price on Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $227.80.

Arista Networks Company Profile

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.