Global Retirement Partners LLC Takes Position in Arista Networks, Inc. $ANET

Global Retirement Partners LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,708 shares of the technology company’s stock, valued at approximately $4,707,000.

Other large investors also recently added to or reduced their stakes in the company. Lighthouse Financial Services Inc. ADV bought a new stake in Arista Networks in the 4th quarter worth approximately $1,549,000. Bensler LLC bought a new position in Arista Networks during the fourth quarter valued at approximately $6,350,000. QRG Capital Management Inc. grew its position in Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after acquiring an additional 10,217 shares during the last quarter. Reaves W H & Co. Inc. purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $3,058,000. Finally, Jefferies Financial Group Inc. raised its stake in shares of Arista Networks by 59.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after acquiring an additional 6,591 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 1.6%

ANET stock opened at $202.05 on Tuesday. The stock has a market capitalization of $254.83 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 2.06 and a beta of 1.60. The firm’s 50-day moving average price is $175.00 and its two-hundred day moving average price is $155.18. 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 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 company had revenue of $3.04 billion during 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%. Arista Networks’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports 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 research note on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research note on Friday, May 15th. Wells Fargo & Company restated an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Barclays reaffirmed an “overweight” rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $226.05.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a 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 the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This represents a 0.17% 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 a total of 4,335,168 shares of company stock valued at $798,637,629 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Profile

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.