Arista Networks, Inc. $ANET Shares Newly Purchased by Sawyer & Company Inc

Sawyer & Company Inc purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,955 shares of the technology company’s stock, valued at approximately $8,338,000. Arista Networks comprises about 2.8% of Sawyer & Company Inc’s investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors have also recently made changes to their positions in ANET. Atticus Wealth Management LLC grew its position in Arista Networks by 16.3% during the third quarter. Atticus Wealth Management LLC now owns 2,352 shares of the technology company’s stock valued at $479,000 after buying an additional 329 shares during the period. Bell Bank raised its position in Arista Networks by 2.2% in the third quarter. Bell Bank now owns 9,096 shares of the technology company’s stock worth $1,852,000 after acquiring an additional 197 shares during the period. Benchmark Financial Wealth Advisors LLC bought a new position in Arista Networks in the third quarter worth approximately $209,000. Physician Wealth Advisors Inc. boosted its stake in shares of Arista Networks by 33.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 545 shares of the technology company’s stock worth $111,000 after acquiring an additional 137 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Arista Networks by 3.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 212,471 shares of the technology company’s stock worth $43,257,000 after acquiring an additional 7,020 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of several analyst reports. Sanford C. Bernstein started coverage on Arista Networks in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price objective for the company. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a report on Wednesday, October 7th. Wells Fargo & Company reiterated an “overweight” rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. TD Cowen cut their price target on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a report on Monday. Finally, Piper Sandler reissued an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $233.20.

Arista Networks Price Performance

Shares of NYSE:ANET traded up $1.86 during trading on Wednesday, hitting $183.05. 2,637,895 shares of the company’s stock were exchanged, compared to its average volume of 7,833,804. The business’s 50-day simple moving average is $197.98 and its 200 day simple moving average is $175.58. The company has a market cap of $230.87 billion, a price-to-earnings ratio of 57.59, a PEG ratio of 2.12 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.83 billion. During the same period in the previous year, the firm earned $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. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider directly owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their position. The sale 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 767,029 shares of Arista Networks stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% 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 sold 3,584,116 shares of company stock worth $733,396,013 in the last three months. Insiders own 2.70% of the company’s stock.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.