Doliver Advisors LP Acquires 27,077 Shares of Arista Networks, Inc. $ANET

Doliver Advisors LP grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 2,019.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,418 shares of the technology company’s stock after buying an additional 27,077 shares during the period. Arista Networks accounts for approximately 1.3% of Doliver Advisors LP’s portfolio, making the stock its 12th largest position. Doliver Advisors LP’s holdings in Arista Networks were worth $5,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deutsche Bank AG boosted its holdings in shares of Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after acquiring an additional 388,354 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new stake in Arista Networks in the first quarter valued at about $5,279,000. Whitaker Myers Wealth Managers LTD. lifted its position in Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock valued at $2,862,000 after purchasing an additional 14,310 shares during the period. Bank of America Corp DE increased its position in Arista Networks by 1.3% during the 1st quarter. Bank of America Corp DE now owns 6,006,877 shares of the technology company’s stock worth $737,524,000 after purchasing an additional 75,794 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Arista Networks by 59.3% in 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 buying an additional 2,934,098 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 62,622 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $211.40, for a total transaction of $13,238,290.80. Following the completion of the transaction, the chief executive officer directly owned 4,876,972 shares in the company, valued at approximately $1,030,991,880.80. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks 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 owned 180,543,048 shares of the company’s stock, valued at approximately $35,919,039,399.60. The trade was a 0.17% 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. Insiders sold 3,382,316 shares of company stock worth $675,904,720 in the last 90 days. Insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Arista Networks stock traded up $0.69 during trading hours on Thursday, hitting $204.28. The stock had a trading volume of 4,105,949 shares, compared to its average volume of 8,000,139. The stock has a market capitalization of $257.64 billion, a price-to-earnings ratio of 64.44, a PEG ratio of 2.38 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. The stock’s fifty day moving average is $192.55 and its two-hundred day moving average is $168.53.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 3.74 EPS for the current year.

Analysts Set New Price Targets

ANET has been the subject of several research analyst reports. TD Cowen increased their price objective on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a report on Thursday, September 10th. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Bank of America reissued a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $231.70.

About Arista Networks

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.