OneDigital Investment Advisors LLC Purchases 2,687 Shares of Arista Networks, Inc. $ANET

OneDigital Investment Advisors LLC increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,544 shares of the technology company’s stock after acquiring an additional 2,687 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Arista Networks were worth $3,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kelleher Financial Advisors acquired a new stake in shares of Arista Networks in the 2nd quarter worth $31,000. Sankala Group LLC acquired a new position in Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks during the 4th quarter valued at about $28,000. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter valued at about $26,000. Finally, Quarry LP purchased a new stake in Arista Networks in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research raised shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group restated a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, KeyCorp reissued an “overweight” rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $226.05.

Arista Networks Stock Performance

NYSE ANET opened at $202.05 on Tuesday. The firm has a market capitalization of $254.83 billion, a P/E ratio of 63.74, a PEG ratio of 2.06 and a beta of 1.60. The stock has a 50-day simple moving average of $175.00 and a two-hundred day simple moving average of $155.18. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89.

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 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 company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $0.73 earnings per share. Arista Networks’s quarterly 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. As a group, analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the transaction, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This trade represents 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. Over the last ninety days, insiders have sold 4,335,168 shares of company stock valued at $798,637,629. Insiders own 2.70% of the company’s stock.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.