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

OneDigital Investment Advisors LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 15.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,544 shares of the technology company’s stock after purchasing an additional 2,687 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Arista Networks were worth $3,490,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Kelleher Financial Advisors bought a new position in Arista Networks during the second quarter valued at $31,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter worth about $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks during the 4th quarter valued at about $28,000. Main Street Group LTD purchased a new stake in shares of Arista Networks during the 1st quarter valued at about $26,000. Finally, Quarry LP bought a new position in shares of Arista Networks in the 3rd quarter valued at about $33,000. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $181.02, for a total transaction of $1,448,160.00. Following the completion of the sale, the director owned 184,333 shares in the company, valued at $33,367,959.66. This represents a 4.16% 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, major shareholder Andreas Bechtolsheim sold 111,848 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $192.75, for a total value of $21,558,702.00. Following the sale, the insider directly owned 109,833 shares in the company, valued at $21,170,310.75. This trade represents a 50.45% 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. Over the last three months, insiders have sold 4,335,168 shares of company stock valued at $798,637,629. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler reissued 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. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, June 10th. Truist Financial lifted their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays reissued an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, UBS Group restated a “buy” rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $226.05.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $202.05 on Tuesday. The business’s 50 day moving average price is $175.00 and its 200-day moving average price is $155.18. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The company has a market cap of $254.83 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

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.