Arista Networks, Inc. $ANET Stock Holdings Raised by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 2,827.9% during the third quarter, Holdings Channel reports. The institutional investor owned 52,381 shares of the technology company’s stock after acquiring an additional 50,592 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Arista Networks were worth $10,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new position in shares of Arista Networks in the first quarter worth approximately $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth $27,000. ABS Investment Management LLC bought a new position in shares of Arista Networks in the second quarter worth about $29,000. ABS Direct Equity Fund LLC bought a new stake in Arista Networks during the 2nd quarter worth approximately $29,000. Finally, Hilton Head Capital Partners LLC lifted its stake in shares of Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after buying an additional 159 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 0.0%

Shares of ANET stock traded down $0.05 on Monday, reaching $207.30. The company’s stock had a trading volume of 1,549,370 shares, compared to its average volume of 7,945,253. The stock’s fifty day simple moving average is $193.78 and its 200-day simple moving average is $169.54. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The company has a market capitalization of $261.45 billion, a price-to-earnings ratio of 65.39, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. Arista Networks’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. Equities research analysts forecast that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ANET shares. KeyCorp reiterated an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Bank of America reaffirmed a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $231.70.

Insider Activity

In related news, CFO Chantelle Breithaupt sold 612 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total value of $119,811.24. Following the completion of the transaction, the chief financial officer owned 69,921 shares of the company’s stock, valued at approximately $13,688,434.17. This trade represents a 0.87% decrease in their position. 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the transaction, the insider directly owned 180,543,048 shares of the company’s stock, valued at $35,919,039,399.60. The trade was a 0.17% decrease in their ownership of the stock. 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 three months, insiders sold 3,382,316 shares of company stock worth $675,904,720. 2.70% of the stock is owned by insiders.

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.