Arista Networks, Inc. $ANET Stake Boosted by Doliver Advisors LP

Doliver Advisors LP boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 2,019.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,418 shares of the technology company’s stock after acquiring an additional 27,077 shares during the period. Arista Networks accounts for approximately 1.3% of Doliver Advisors LP’s investment portfolio, making the stock its 12th biggest position. Doliver Advisors LP’s holdings in Arista Networks were worth $5,786,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ANET. State Street Corp increased its holdings in shares of Arista Networks by 159.4% in 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 purchasing an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after buying an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. grew 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 valued at $1,635,978,000 after buying an additional 6,409,612 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Arista Networks by 3.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,528,887 shares of the technology company’s stock worth $1,248,570,000 after acquiring an additional 287,385 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Arista Networks by 4.3% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial lifted their target price on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Citigroup reissued a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $231.70.

Insider Activity

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $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 ninety days, insiders have sold 3,382,316 shares of company stock worth $675,904,720. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Trading Up 0.3%

ANET traded up $0.69 on Thursday, hitting $204.28. 4,105,949 shares of the company were exchanged, compared to its average volume of 8,000,139. The firm has a 50-day moving average price of $192.55 and a two-hundred day moving average price of $168.53. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89. The company has a market cap of $257.64 billion, a price-to-earnings ratio of 64.44, a price-to-earnings-growth ratio of 2.38 and a beta of 1.62.

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

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.