RFG Advisory LLC Raises Holdings in Arista Networks, Inc. $ANET

RFG Advisory LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 52.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,530 shares of the technology company’s stock after buying an additional 14,550 shares during the quarter. RFG Advisory LLC’s holdings in Arista Networks were worth $7,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ANET. Cura Wealth Advisors LLC grew its holdings in Arista Networks by 3.1% during the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after acquiring an additional 52 shares in the last quarter. Madison Wealth Partners Inc lifted its position in shares of Arista Networks by 2.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after purchasing an additional 60 shares during the period. Intrua Financial LLC boosted its stake in shares of Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after purchasing an additional 61 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after buying an additional 66 shares during the period. Finally, NBT Bank N A NY increased 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 valued at $30,000 after buying an additional 67 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ANET. Deutsche Bank Aktiengesellschaft assumed coverage on Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 target price on the stock. Barclays restated an “overweight” rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Truist Financial boosted their target price on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and an average target price of $225.76.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the sale, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal 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, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were 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 in the company, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. 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 3,782,694 shares of company stock worth $726,728,187 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 0.5%

NYSE ANET opened at $194.81 on Wednesday. The firm’s fifty day simple moving average is $184.02 and its two-hundred day simple moving average is $161.04. The firm has a market capitalization of $245.70 billion, a P/E ratio of 61.46, a P/E/G ratio of 2.30 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 issued its quarterly earnings data 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 analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. 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 earnings per share for the current fiscal year.

About Arista Networks

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.