Railway Pension Investments Ltd Buys Shares of 1,184,850 Arista Networks, Inc. $ANET

Railway Pension Investments Ltd bought a new position in Arista Networks, Inc. (NYSE:ANET) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,184,850 shares of the technology company’s stock, valued at approximately $201,282,000. Arista Networks makes up about 2.5% of Railway Pension Investments Ltd’s portfolio, making the stock its 11th largest holding.

Several other hedge funds also recently modified their holdings of ANET. Covington Investment Advisors Inc. bought a new position in shares of Arista Networks during the 2nd quarter valued at $23,732,000. A. D. Beadell Investment Counsel Inc. bought a new stake in Arista Networks in the second quarter worth $322,000. Ancora Advisors LLC boosted its holdings in Arista Networks by 101.4% in the second quarter. Ancora Advisors LLC now owns 2,304 shares of the technology company’s stock worth $391,000 after purchasing an additional 1,160 shares in the last quarter. Moore Capital Management LP acquired a new position in Arista Networks during the second quarter worth $6,066,000. Finally, Sigma Planning Corp raised its holdings in Arista Networks by 26.1% during the second quarter. Sigma Planning Corp now owns 18,815 shares of the technology company’s stock valued at $3,196,000 after buying an additional 3,898 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $187.34, for a total value of $79,057.48. Following the sale, the director owned 10,194 shares of the company’s stock, valued at $1,909,743.96. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $202.60, for a total value of $60,780,000.00. Following the completion of the transaction, the insider directly owned 180,843,048 shares in the company, valued at approximately $36,638,801,524.80. This represents a 0.17% decrease in their ownership of the stock. 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 have sold 4,242,082 shares of company stock worth $800,487,376 in the last 90 days. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ANET shares. Raymond James Financial raised 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. Morgan Stanley reissued an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reissued an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Citigroup reiterated a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and a consensus target price of $225.76.

Arista Networks Price Performance

ANET stock opened at $195.74 on Tuesday. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The company has a 50-day moving average of $180.70 and a two-hundred day moving average of $158.88. The stock has a market capitalization of $246.87 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth ratio of 2.02 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm’s revenue was up 37.7% compared to the same quarter last year. During the same period last 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 expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal 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.