37,403 Arista Networks, Inc. $ANET Shares Sold by Sustainable Growth Advisers LP

by · The Cerbat Gem

Sustainable Growth Advisers LP decreased its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 871,764 shares of the technology company’s stock after selling 37,403 shares during the period. Arista Networks makes up 1.9% of Sustainable Growth Advisers LP’s holdings, making the stock its 17th biggest holding. Sustainable Growth Advisers LP owned about 0.07% of Arista Networks worth $177,482,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Daytona Street Capital LLC bought a new stake in Arista Networks during the third quarter valued at $54,000. Milestone Asset Management LLC grew its holdings in Arista Networks by 167.8% during the 3rd quarter. Milestone Asset Management LLC now owns 52,776 shares of the technology company’s stock worth $10,745,000 after acquiring an additional 33,071 shares during the period. Ellsworth Advisors LLC raised its position in shares of Arista Networks by 204.3% in the 3rd quarter. Ellsworth Advisors LLC now owns 142,772 shares of the technology company’s stock worth $29,067,000 after acquiring an additional 95,851 shares in the last quarter. Legacy Wealth Partners LLC bought a new position in shares of Arista Networks in the 3rd quarter worth about $984,000. Finally, Iams Wealth Management LLC bought a new position in shares of Arista Networks in the 3rd quarter worth about $6,707,000. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent analyst reports. Evercore reissued an “outperform” rating on shares of Arista Networks in a research note on Wednesday, October 7th. Truist Financial raised their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings cut Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. UBS Group reiterated a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Barclays reiterated an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Get Our Latest Stock Report on ANET

Arista Networks Stock Down 5.1%

Arista Networks stock opened at $185.53 on Friday. The company has a market capitalization of $234.00 billion, a PE ratio of 58.53, a PEG ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The firm’s fifty day moving average is $198.69 and its 200 day moving average is $174.33.

Arista Networks (NYSE:ANET – Get Free Report) 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. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the transaction, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This trade 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. Insiders have sold 3,627,449 shares of company stock worth $740,784,723 in the last quarter. Company insiders own 2.70% of the company’s stock.

Arista Networks Profile

(Free Report)

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.

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