Ayrshire Capital Management LLC Purchases 7,867 Shares of Arista Networks, Inc. $ANET

Ayrshire Capital Management LLC grew its position in Arista Networks, Inc. (NYSE:ANET) by 35.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,764 shares of the technology company’s stock after acquiring an additional 7,867 shares during the quarter. Arista Networks makes up about 2.8% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Ayrshire Capital Management LLC’s holdings in Arista Networks were worth $6,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ANET. State Street Corp lifted its position in shares of Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after buying an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the period. Deutsche Bank AG grew its holdings in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after purchasing an additional 388,354 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Arista Networks by 5.9% in the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock valued at $1,433,951,000 after purchasing an additional 470,451 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred 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 sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,584,116 shares of company stock valued at $733,396,013 over the last ninety days. 2.70% of the stock is owned by insiders.

Arista Networks Trading Up 3.3%

ANET opened at $182.88 on Tuesday. The stock’s 50 day simple moving average is $198.29 and its 200-day simple moving average is $175.18. The stock has a market cap of $230.65 billion, a PE ratio of 57.69, a P/E/G ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.41.

Arista Networks (NYSE:ANET) last posted its quarterly 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. The firm 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%. The business’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Citigroup reaffirmed a “buy” rating and issued a $248.00 price target (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. KeyCorp reissued an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on Arista Networks in a report on Wednesday, August 5th. Finally, Truist Financial upped their price target on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two analysts have 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $235.45.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.