5,520 Shares of Arista Networks, Inc. $ANET Bought by Boltwood Capital Management

Boltwood Capital Management purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,520 shares of the technology company’s stock, valued at approximately $1,124,000.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings 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 valued at $20,606,975,000 after acquiring an additional 74,541,134 shares during the period. Jupiter Topco LLC acquired a new position in shares of Arista Networks in the 2nd quarter valued at $1,101,860,000. Envestnet Asset Management Inc. raised its position in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Arista Networks in the 2nd quarter valued at $537,736,000. Finally, Franklin Resources Inc. raised its position in Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after purchasing an additional 2,934,098 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 62,622 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $211.40, for a total transaction of $13,238,290.80. Following the transaction, the chief executive officer owned 4,876,972 shares in the company, valued at approximately $1,030,991,880.80. The trade was a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the transaction, the insider directly owned 180,543,048 shares of the company’s stock, valued at approximately $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,382,316 shares of company stock worth $675,904,720 in the last three months. Company insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of ANET stock traded up $3.01 during mid-day trading on Friday, hitting $207.50. The stock had a trading volume of 4,145,132 shares, compared to its average volume of 7,979,751. The firm has a market cap of $261.70 billion, a PE ratio of 65.46, a PEG ratio of 2.39 and a beta of 1.60. The company’s 50-day simple moving average is $193.11 and its 200-day simple moving average is $169.03. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.74 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ANET. Rosenblatt Securities raised their price objective on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen raised their price target on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. KeyCorp reaffirmed 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. Finally, Barclays reiterated an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $231.70.

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.