Syntax Research Inc. Sells 15,675 Shares of Arista Networks, Inc. $ANET

Syntax Research Inc. trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET) by 73.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,590 shares of the technology company’s stock after selling 15,675 shares during the quarter. Arista Networks comprises about 0.7% of Syntax Research Inc.’s investment portfolio, making the stock its 24th largest holding. Syntax Research Inc.’s holdings in Arista Networks were worth $950,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ANET. Cura Wealth Advisors LLC grew its position in shares of Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after buying an additional 52 shares during the last quarter. Madison Wealth Partners Inc lifted its position in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after acquiring an additional 60 shares during the last quarter. Intrua Financial LLC lifted its position in 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 acquiring an additional 61 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after acquiring an additional 66 shares in the last quarter. Finally, NBT Bank N A NY boosted its stake in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after acquiring an additional 67 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ANET. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research report on Friday, May 15th. Zacks Research raised Arista Networks from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. UBS Group reissued a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Barclays reiterated an “overweight” rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus target price of $225.76.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This 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 sold a total of 3,782,694 shares of company stock valued at $726,728,187 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

Arista Networks Trading Up 2.7%

Shares of Arista Networks stock opened at $191.13 on Friday. The firm’s 50 day simple moving average is $182.22 and its two-hundred day simple moving average is $159.92. The firm has a market capitalization of $241.06 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 2.21 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 posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The business 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%. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

About Arista Networks

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.