Proficio Capital Partners LLC Makes New $1.08 Million Investment in Arista Networks, Inc. $ANET

Proficio Capital Partners LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,378 shares of the technology company’s stock, valued at approximately $1,083,000.

Several other large investors have also recently added to or reduced their stakes in the business. ABS Investment Management LLC acquired a new position in shares of Arista Networks in the second quarter worth $29,000. Kelleher Financial Advisors acquired a new stake in shares of Arista Networks in the second quarter valued at $31,000. Sankala Group LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks in the fourth quarter valued at $28,000. Finally, Main Street Group LTD acquired a new position in Arista Networks during the 1st quarter worth $26,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value 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 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. Over the last 90 days, insiders sold 4,242,082 shares of company stock worth $800,487,376. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of several recent research reports. UBS Group restated a “buy” rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. The Goldman Sachs Group restated a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arista Networks in a report on Monday. They issued a “buy” rating and a $220.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus price target of $225.76.

Arista Networks Trading Down 3.5%

Shares of ANET opened at $188.89 on Wednesday. The company’s 50 day simple moving average is $181.23 and its 200-day simple moving average is $159.22. The firm has a market cap of $238.23 billion, a PE ratio of 59.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.62. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89.

Arista Networks (NYSE:ANET) last released 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 firm had revenue of $3.04 billion during 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 quarter in the prior year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Arista Networks Company Profile

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.