21,707 Arista Networks, Inc. $ANET Shares Bought by Weaver Capital Management LLC

Weaver Capital Management LLC increased its stake in Arista Networks, Inc. (NYSE:ANET) by 106.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,158 shares of the technology company’s stock after buying an additional 21,707 shares during the quarter. Arista Networks comprises 1.6% of Weaver Capital Management LLC’s portfolio, making the stock its 18th largest position. Weaver Capital Management LLC’s holdings in Arista Networks were worth $8,583,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ANET. Cura Wealth Advisors LLC lifted its position in Arista Networks by 3.1% during the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after acquiring an additional 52 shares in the last quarter. Affinity Capital Advisors LLC grew its position in Arista Networks by 1.4% in the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock valued at $817,000 after acquiring an additional 53 shares in the last quarter. Madison Wealth Partners Inc grew its position in Arista Networks by 2.8% in the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after acquiring an additional 60 shares in the last quarter. Intrua Financial LLC grew its position in Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after acquiring an additional 61 shares in the last quarter. Finally, Shepherd Financial Partners LLC raised its stake in shares of Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANET shares. Morgan Stanley reissued 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. Rosenblatt Securities raised their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arista Networks in a research note on Monday, August 31st. They set a “buy” rating and a $220.00 price target on the stock. Finally, Evercore reiterated an “outperform” rating on shares of Arista Networks in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued 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.

Arista Networks Stock Performance

Shares of ANET opened at $185.53 on Friday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The stock has a 50-day moving average price of $198.69 and a 200 day moving average price of $174.33. The company has a market capitalization of $234.00 billion, a P/E ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted 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 return on equity of 30.65% and a net margin of 38.37%. 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 previous year, the business earned $0.73 EPS. Arista Networks’s revenue for the quarter 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. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, CFO Chantelle Breithaupt sold 1,224 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total value of $263,160.00. Following the sale, the chief financial officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the transaction, the chief executive officer owned 4,774,691 shares in the company, valued at $1,036,585,416.10. This trade represents a 2.66% 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. In the last three months, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. Corporate insiders own 2.70% of the company’s stock.

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.