23,960 Shares in Arista Networks, Inc. $ANET Purchased by First Financial Bank Trust Division

First Financial Bank Trust Division purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,960 shares of the technology company’s stock, valued at approximately $4,878,000.

A number of other hedge funds have also modified their holdings of the company. Doliver Advisors LP increased its stake in shares of Arista Networks by 2,019.2% in the third quarter. Doliver Advisors LP now owns 28,418 shares of the technology company’s stock worth $5,786,000 after purchasing an additional 27,077 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of Arista Networks during the 3rd quarter valued at $341,789,000. QRG Capital Management Inc. lifted its stake in shares of Arista Networks by 181.2% during the 2nd quarter. QRG Capital Management Inc. now owns 523,202 shares of the technology company’s stock valued at $88,882,000 after buying an additional 337,133 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Arista Networks by 165.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 159,817 shares of the technology company’s stock worth $27,150,000 after buying an additional 99,707 shares during the period. Finally, Envestnet Asset Management Inc. boosted 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 worth $1,635,978,000 after buying an additional 6,409,612 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 62,622 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $211.40, for a total value of $13,238,290.80. Following the sale, the chief executive officer directly owned 4,876,972 shares in the company, valued at approximately $1,030,991,880.80. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total value of $3,527,265.50. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,640,616. The trade was a 57.19% decrease in their ownership of the stock. 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 sold 3,382,316 shares of company stock valued at $675,904,720. 2.70% of the stock is owned by insiders.

Arista Networks Trading Up 0.3%

ANET traded up $0.69 during trading on Thursday, hitting $204.28. 4,105,949 shares of the company traded hands, compared to its average volume of 8,000,139. The company has a market cap of $257.64 billion, a PE ratio of 64.44, a P/E/G ratio of 2.38 and a beta of 1.62. The stock’s 50-day simple moving average is $192.55 and its two-hundred day simple moving average is $168.53. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays reissued an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Rosenblatt Securities increased their target price on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to MarketBeat.com, Arista Networks presently has an average rating of “Buy” and a consensus price target of $231.70.

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.