Pallas Capital Advisors LLC Cuts Stock Holdings in Arista Networks, Inc. $ANET

Pallas Capital Advisors LLC reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 26.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,728 shares of the technology company’s stock after selling 7,409 shares during the period. Pallas Capital Advisors LLC’s holdings in Arista Networks were worth $3,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANET. Vanguard Group Inc. raised its stake in Arista Networks by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock valued at $13,258,877,000 after buying an additional 1,188,799 shares in the last quarter. State Street Corp boosted its position in shares of Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after acquiring an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Arista Networks by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after acquiring an additional 380,724 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Arista Networks by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock valued at $3,455,095,000 after acquiring an additional 477,625 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Arista Networks in the 4th quarter valued at about $1,558,563,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Rosenblatt Securities raised their price objective on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Citigroup reissued a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $226.05.

Arista Networks Trading Up 1.6%

Shares of NYSE ANET opened at $202.05 on Tuesday. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89. The stock has a 50 day moving average of $175.00 and a two-hundred day moving average of $155.18. The stock has a market cap of $254.83 billion, a P/E ratio of 63.74, a P/E/G ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data 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. 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 company’s revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction on Wednesday, August 5th. The shares were 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. The trade was a 4.47% decrease in their ownership of the stock. 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 company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction 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. The trade was a 0.17% decrease in their ownership of the stock. 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. Insiders have sold a total of 4,335,168 shares of company stock worth $798,637,629 over the last three months. 2.70% of the stock is currently owned by insiders.

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.