Jones Financial Companies Lllp Has $148.79 Million Holdings in Arista Networks, Inc. $ANET

Jones Financial Companies Lllp decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 31.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 943,743 shares of the technology company’s stock after selling 425,380 shares during the quarter. Jones Financial Companies Lllp’s holdings in Arista Networks were worth $148,791,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Main Street Group LTD bought a new stake in Arista Networks during the 1st quarter worth about $26,000. Sankala Group LLC bought a new position in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $28,000. Hilton Head Capital Partners LLC raised its holdings in Arista Networks by 184.9% during the first 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 in the last quarter. Finally, NBT Bank N A NY raised its holdings in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ANET. Citigroup restated a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Rosenblatt Securities upped their price objective on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Truist Financial raised their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks has an average rating of “Buy” and a consensus target price of $226.05.

Arista Networks Trading Down 0.2%

ANET stock opened at $188.24 on Tuesday. The firm has a market capitalization of $237.42 billion, a PE ratio of 59.38, a PEG ratio of 1.95 and a beta of 1.60. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The business’s 50 day simple moving average is $177.95 and its 200 day simple moving average is $156.75.

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 the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.73 EPS. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 111,848 shares of Arista Networks stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the completion of the sale, the insider owned 109,833 shares of the company’s stock, valued at approximately $21,170,310.75. The trade was a 50.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of Arista Networks stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $5,203,250. The trade was a 95.82% 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 have sold 3,935,851 shares of company stock worth $738,332,610. 2.70% of the stock is owned by corporate 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.