Arista Networks, Inc. $ANET Shares Newly Bought by Legacy Wealth Partners LLC

Legacy Wealth Partners LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,831 shares of the technology company’s stock, valued at approximately $984,000.

Several other large investors also recently added to or reduced their stakes in ANET. State Street Corp increased its position in shares of Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after acquiring an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after acquiring an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after purchasing an additional 388,354 shares during the period. Finally, Amundi boosted its holdings in shares of Arista Networks by 5.7% in the first quarter. Amundi now owns 9,064,443 shares of the technology company’s stock valued at $1,112,932,000 after purchasing an additional 491,173 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ANET shares. KeyCorp reissued an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on Arista Networks in a research report on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a report on Wednesday, October 7th. Piper Sandler reissued an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, TD Cowen increased their price target on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Arista Networks Stock Performance

NYSE:ANET opened at $185.53 on Friday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The firm has a market cap of $234.00 billion, a P/E ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60. The firm has a 50-day simple moving average of $198.69 and a 200-day simple moving average of $174.33.

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. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, Director Mark B. Templeton sold 5,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. The trade was a 9.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the sale, the chief financial officer owned 68,697 shares of the company’s stock, valued at $14,769,855. This trade represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 3,627,449 shares of company stock worth $740,784,723. 2.70% of the stock is currently owned by company 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.