Carmignac Gestion Sells 674,569 Shares of Arista Networks, Inc. $ANET

Carmignac Gestion reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 90.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,457 shares of the technology company’s stock after selling 674,569 shares during the quarter. Carmignac Gestion’s holdings in Arista Networks were worth $12,276,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Main Street Group LTD bought a new stake in shares of Arista Networks during the 1st quarter valued at about $26,000. Sankala Group LLC purchased a new stake in Arista Networks in the fourth quarter worth about $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks in the fourth quarter worth about $28,000. ABS Investment Management LLC bought a new stake in Arista Networks during the 2nd quarter valued at approximately $29,000. Finally, Hilton Head Capital Partners LLC grew its holdings in shares of Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 181,143,048 shares of the company’s stock, 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. In the last quarter, insiders sold 3,782,694 shares of company stock worth $726,728,187. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ANET. Weiss Ratings cut Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Wells Fargo & Company reiterated an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $225.76.

Arista Networks Stock Up 0.5%

Shares of NYSE:ANET traded up $1.03 on Tuesday, hitting $194.81. 4,741,372 shares of the company traded hands, compared to its average volume of 8,312,051. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The stock has a 50 day simple moving average of $183.52 and a 200-day simple moving average of $160.65. The company has a market cap of $245.71 billion, a PE ratio of 61.46, a PEG ratio of 2.30 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, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts anticipate 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.