3,793 Arista Networks, Inc. $ANET Shares Sold by Harrell Investment Partners LLC

Harrell Investment Partners LLC lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 15.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,075 shares of the technology company’s stock after selling 3,793 shares during the period. Harrell Investment Partners LLC’s holdings in Arista Networks were worth $4,291,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ANET. Davidson Trust Co. bought a new position in shares of Arista Networks during the third quarter valued at approximately $3,512,000. Deutsche Bank AG boosted its stake in Arista Networks by 4.3% during the 2nd 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. Ferguson Wellman Capital Management Inc. grew its position in Arista Networks by 2,827.9% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after purchasing an additional 50,592 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of Arista Networks in the first quarter valued at approximately $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. increased its stake in shares of Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock valued at $2,862,000 after purchasing an additional 14,310 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other 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 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 $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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 completion of the transaction, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,627,449 shares of company stock worth $740,784,723 in the last ninety days. 2.70% of the stock is owned by corporate insiders.

Arista Networks Trading Down 5.1%

Shares of Arista Networks stock opened at $185.53 on Friday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The stock has a market cap of $234.00 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 2.27 and a beta of 1.60. The company’s 50-day moving average price is $198.69 and its two-hundred day moving average price is $174.33.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company 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, equities analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Arista Networks in a report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price target on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price (up from $200.00) 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, October 7th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

About Arista Networks

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.