Arista Networks, Inc. $ANET Shares Newly Purchased by Iams Wealth Management LLC

Iams Wealth Management LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 32,945 shares of the technology company’s stock, valued at approximately $6,707,000. Arista Networks accounts for about 1.9% of Iams Wealth Management LLC’s holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of ANET. NFSG Corp raised its holdings in Arista Networks by 11.4% in the 3rd quarter. NFSG Corp now owns 16,008 shares of the technology company’s stock valued at $3,028,000 after acquiring an additional 1,637 shares during the period. Activest Wealth Management boosted its holdings in shares of Arista Networks by 54.9% during the third quarter. Activest Wealth Management now owns 2,084 shares of the technology company’s stock worth $424,000 after acquiring an additional 739 shares during the period. Detalus Advisors LLC bought a new stake in shares of Arista Networks during the third quarter worth approximately $15,921,000. Guyasuta Investment Advisors Inc. bought a new stake in shares of Arista Networks during the third quarter worth approximately $209,000. Finally, SLT Holdings LLC acquired a new position in shares of Arista Networks in the third quarter valued at approximately $321,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

ANET has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a research note on Monday, August 31st. They set a “buy” rating and a $220.00 target price on the stock. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insiders Place Their Bets

In related news, CFO Chantelle Breithaupt sold 1,224 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total transaction 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 represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the sale, the insider directly owned 12,976 shares in the company, valued at $2,640,616. This represents a 57.19% 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 3,627,449 shares of company stock valued at $740,784,723 in the last quarter. Company insiders own 2.70% of the company’s stock.

Arista Networks Stock Down 5.1%

Shares of Arista Networks stock opened at $185.53 on Friday. The stock has a market capitalization of $234.00 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The company has a 50-day simple moving average of $198.69 and a two-hundred day simple moving average of $174.33.

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, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

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.