QRG Capital Management Inc. Increases Holdings in Arista Networks, Inc. $ANET

QRG Capital Management Inc. lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 181.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,202 shares of the technology company’s stock after purchasing an additional 337,133 shares during the period. Arista Networks comprises approximately 0.6% of QRG Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding. QRG Capital Management Inc.’s holdings in Arista Networks were worth $88,882,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ANET. Envestnet Portfolio Solutions Inc. increased its holdings in Arista Networks by 165.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 159,817 shares of the technology company’s stock worth $27,150,000 after buying an additional 99,707 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares during the last quarter. Andra AP fonden grew its position in shares of Arista Networks by 106.2% during the 2nd quarter. Andra AP fonden now owns 515,400 shares of the technology company’s stock valued at $87,556,000 after acquiring an additional 265,400 shares during the period. State Street Corp increased its stake in shares of Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the last quarter. Finally, Silicon Valley Capital Partners increased its stake in shares of Arista Networks by 2,331.4% during the 2nd quarter. Silicon Valley Capital Partners now owns 156,458 shares of the technology company’s stock worth $26,579,000 after purchasing an additional 150,023 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Kelly Battles sold 422 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $187.34, for a total value of $79,057.48. Following the sale, the director directly owned 10,194 shares in the company, valued at $1,909,743.96. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 612 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total transaction of $119,811.24. Following the completion of the transaction, the chief financial officer directly owned 69,921 shares of the company’s stock, valued at approximately $13,688,434.17. The trade was a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,784,361 shares of company stock worth $736,922,644 in the last ninety days. Insiders own 2.70% of the company’s stock.

Arista Networks Stock Performance

NYSE ANET traded down $1.95 during trading hours on Wednesday, hitting $203.25. The company had a trading volume of 3,965,779 shares, compared to its average volume of 8,126,630. The firm has a market capitalization of $256.34 billion, a price-to-earnings ratio of 64.12, a PEG ratio of 2.44 and a beta of 1.62. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The firm has a 50 day simple moving average of $188.56 and a 200 day simple moving average of $165.68.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Arista Networks in a research note on Monday, August 31st. They issued a “buy” rating and a $220.00 price objective on the stock. Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citigroup reissued a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Buy” and an average target price of $227.80.

Arista Networks Company Profile

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.