Ninety One UK Ltd Purchases New Stake in Arista Networks, Inc. $ANET

Ninety One UK Ltd acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,907 shares of the technology company’s stock, valued at approximately $592,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. Summit Financial Wealth Advisors LLC purchased a new stake in Arista Networks in the 3rd quarter valued at about $20,304,000. State of Alaska Department of Revenue boosted its stake in Arista Networks by 143.9% during the third quarter. State of Alaska Department of Revenue now owns 246,750 shares of the technology company’s stock worth $50,236,000 after buying an additional 145,579 shares during the period. Gunderson Capital Management LLC boosted its stake in Arista Networks by 15.8% during the third quarter. Gunderson Capital Management LLC now owns 69,661 shares of the technology company’s stock worth $14,182,000 after buying an additional 9,487 shares during the period. Turtle Creek Wealth Advisors LLC boosted its stake in Arista Networks by 118.0% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 16,178 shares of the technology company’s stock worth $3,294,000 after buying an additional 8,756 shares during the period. Finally, WealthPlan Investment Management LLC increased its position in shares of Arista Networks by 19.9% during the third quarter. WealthPlan Investment Management LLC now owns 33,048 shares of the technology company’s stock valued at $6,728,000 after acquiring an additional 5,492 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Down 5.1%

Arista Networks stock opened at $185.53 on Friday. The firm has a market cap of $234.00 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The company’s 50 day moving average is $198.69 and its two-hundred day moving average is $174.33.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ANET. Morgan Stanley reissued an “overweight” rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Barclays restated an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities lifted their target price on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 130,553 shares of the business’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the completion of the transaction, the chief executive officer directly owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the sale, the chief financial officer owned 68,697 shares in the company, valued at approximately $14,769,855. This trade represents a 1.75% 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 90 days, insiders sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is owned by company insiders.

Arista Networks Company 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.