Arista Networks, Inc. $ANET Stock Position Increased by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 204.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 142,772 shares of the technology company’s stock after acquiring an additional 95,851 shares during the quarter. Arista Networks accounts for about 4.7% of Ellsworth Advisors LLC’s investment portfolio, making the stock its largest holding. Ellsworth Advisors LLC’s holdings in Arista Networks were worth $29,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ABS Investment Management LLC purchased a new position in Arista Networks in the 2nd quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new stake in Arista Networks during the 2nd quarter valued at $29,000. Kelleher Financial Advisors purchased a new stake in shares of Arista Networks during the second quarter worth $31,000. Cornerstone Financial Management LLC lifted its position in shares of Arista Networks by 61.9% during the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock worth $31,000 after acquiring an additional 70 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in shares of Arista Networks during the fourth quarter worth $27,000. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction 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 sale, the chief executive officer 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 on 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 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,627,449 shares of company stock valued at $740,784,723. Insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 5.1%

Shares of NYSE:ANET opened at $185.53 on Friday. The company has a 50 day moving average of $198.69 and a 200 day moving average of $174.33. The stock has a market cap of $234.00 billion, a P/E ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. Arista Networks’s 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. On average, equities analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of analyst reports. Barclays reaffirmed an “overweight” rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial boosted their price objective on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

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.