1,678,810 Shares in Arista Networks, Inc. $ANET Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,678,810 shares of the technology company’s stock, valued at approximately $341,789,000. Arista Networks makes up 5.2% of Confluence Investment Management LLC’s holdings, making the stock its 2nd biggest holding.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a research note on Monday, August 31st. They issued a “buy” rating and a $220.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research note on Thursday, September 10th. Finally, Barclays restated an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $231.70.

Arista Networks Price Performance

NYSE ANET traded up $0.60 during trading hours on Thursday, hitting $204.19. 1,492,088 shares of the company’s stock traded hands, compared to its average volume of 7,985,652. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The company has a market capitalization of $257.53 billion, a PE ratio of 64.32, a PEG ratio of 2.38 and a beta of 1.62. The firm’s 50-day moving average is $192.55 and its 200-day moving average is $168.53.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share 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% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’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 sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the business’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 directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was 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 3,382,316 shares of company stock worth $675,904,720 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks 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.