Arista Networks, Inc. $ANET Stock: Ayrshire Capital Management LLC Raises Stake

Ayrshire Capital Management LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,764 shares of the technology company’s stock after purchasing an additional 7,867 shares during the quarter. Arista Networks comprises 2.8% of Ayrshire Capital Management LLC’s holdings, making the stock its 20th biggest position. Ayrshire Capital Management LLC’s holdings in Arista Networks were worth $6,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its stake in shares of Arista Networks by 11.1% in the third quarter. CWA Asset Management Group LLC now owns 7,279 shares of the technology company’s stock worth $1,482,000 after purchasing an additional 726 shares in the last quarter. Warwick Investment Management Inc. increased its holdings in shares of Arista Networks by 7.3% during the third quarter. Warwick Investment Management Inc. now owns 1,797 shares of the technology company’s stock valued at $366,000 after purchasing an additional 122 shares during the period. Retirement Planning Group LLC increased its holdings in shares of Arista Networks by 1.1% during the third quarter. Retirement Planning Group LLC now owns 5,705 shares of the technology company’s stock valued at $1,161,000 after purchasing an additional 64 shares during the period. Tanager Wealth Management LLP raised its stake in shares of Arista Networks by 16.1% during the third quarter. Tanager Wealth Management LLP now owns 1,412 shares of the technology company’s stock valued at $287,000 after purchasing an additional 196 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD raised its stake in shares of Arista Networks by 9.0% during the third quarter. Clark Financial Services Group Inc. BD now owns 5,118 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 421 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks 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 transaction, the insider owned 181,143,048 shares of the company’s stock, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $154,341,575.38. Following the completion of the transaction, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% 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 ninety days, insiders have sold 3,584,116 shares of company stock worth $733,396,013. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ANET shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Bank of America restated a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities upped their price target on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $235.45.

Arista Networks Trading Up 3.3%

ANET stock opened at $182.88 on Tuesday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The firm has a market capitalization of $230.65 billion, a PE ratio of 57.69, a P/E/G ratio of 2.06 and a beta of 1.60. The firm has a 50-day moving average of $198.29 and a two-hundred day moving average of $175.18.

Arista Networks (NYSE:ANET) last announced its 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. The company had revenue of $3.04 billion for 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%. The company’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.