Timothy G. Youngquist 2020 Irrevocable Trust Acquires 17,070 Shares of Arista Networks, Inc. $ANET

Timothy G. Youngquist 2020 Irrevocable Trust raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 4,676.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,435 shares of the technology company’s stock after buying an additional 17,070 shares during the quarter. Arista Networks comprises approximately 0.6% of Timothy G. Youngquist 2020 Irrevocable Trust’s holdings, making the stock its 17th largest position. Timothy G. Youngquist 2020 Irrevocable Trust’s holdings in Arista Networks were worth $2,962,000 as of its most recent SEC filing.

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

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible 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 on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer 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 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 4,334,197 shares of company stock valued at $798,500,786 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ANET shares. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a report on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $226.05.

Arista Networks Trading Down 4.6%

ANET stock opened at $192.61 on Wednesday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The company has a 50-day moving average price of $175.81 and a 200 day moving average price of $155.48. The stock has a market cap of $242.93 billion, a PE ratio of 60.76, a P/E/G ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm’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. Sell-side analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current year.

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.