Silicon Valley Capital Partners Has $26.58 Million Stake in Arista Networks, Inc. $ANET

by · The Cerbat Gem

Silicon Valley Capital Partners grew its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 2,331.4% in the second quarter, HoldingsChannel.com reports. The fund owned 156,458 shares of the technology company’s stock after acquiring an additional 150,023 shares during the period. Arista Networks makes up 2.4% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 14th largest position. Silicon Valley Capital Partners’ holdings in Arista Networks were worth $26,579,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State Street Corp raised its stake in shares of Arista Networks by 1.4% in the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after purchasing an additional 628,146 shares during the period. Geode Capital Management LLC grew its holdings in shares of Arista Networks by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after buying an additional 477,625 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after buying an additional 2,497,275 shares in the last quarter. Deutsche Bank AG raised its position in Arista Networks by 4.3% in 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 buying an additional 388,354 shares during the last quarter. Finally, Norges Bank acquired a new stake in Arista Networks in the 4th quarter valued at approximately $1,558,563,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. KeyCorp reissued an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Finally, Bank of America reiterated a “buy” rating and issued a $240.00 price target (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 given a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $227.80.

Get Our Latest Stock Analysis on Arista Networks

Arista Networks Price Performance

ANET stock traded up $5.98 during mid-day trading on Monday, reaching $205.37. The company had a trading volume of 4,947,437 shares, compared to its average volume of 8,169,147. The stock has a 50 day simple moving average of $187.62 and a two-hundred day simple moving average of $164.61. The company has a market capitalization of $259.02 billion, a price-to-earnings ratio of 64.79, a PEG ratio of 2.37 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.

Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. 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 3.7 EPS for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the company’s 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 sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were 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 owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,484,361 shares of company stock worth $677,237,644. 2.70% of the stock is owned by corporate insiders.

About Arista Networks

(Free Report)

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.

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