<div id="readability-page-1"><p>Swiss National Bank boosted its stake in shares of  Arista Networks, Inc. (NYSE:ANET - Free Report) by 0.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,020,100 shares of the technology company's stock after purchasing an additional 2,600 shares during the period. Swiss National Bank owned approximately 0.24% of Arista Networks worth $233,997,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Arista Networks</strong> alerts:</span></p></div><ul><li>3 Cloud Build-Out Stocks Behind the AI Infrastructure Boom</li></ul><p>A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC lifted its position in  Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after buying an additional 230 shares during the last quarter.  Quarry LP grew its stake in shares of  Arista Networks by 381.5% in the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock valued at $29,000 after buying an additional 206 shares in the last quarter.  Dunhill Financial LLC raised its holdings in shares of  Arista Networks by 415.7% in the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock valued at $29,000 after buying an additional 212 shares during the period.  Cloud Capital Management LLC purchased a new position in shares of  Arista Networks in the first quarter valued at approximately $30,000.  Finally, McIlrath &amp; Eck LLC acquired a new position in shares of  Arista Networks in the fourth quarter worth $35,000. Institutional investors and hedge funds own  82.47% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other Arista Networks news, Director Kelly Bodnar Battles sold 864 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $114.68, for a total value of $99,083.52. Following the completion of the transaction, the director owned 7,460 shares of the company's stock, valued at $855,512.80. The trade was a 10.38% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, SVP Kenneth Duda sold 26,000 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $111.19, for a total transaction of $2,890,940.00. Following the completion of the transaction, the senior vice president owned 582,400 shares in the company, valued at $64,757,056. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,443,742 shares of company stock valued at $395,523,885. 3.39% of the stock is owned by insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Investors Are Waking Up to Arista Networks—Here’s the Scoop</li></ul><p>Several research firms have commented on ANET. KGI Securities lowered Arista Networks to a &#34;neutral&#34; rating in a research report on Wednesday, May 7th. Redburn Atlantic began coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They set a &#34;buy&#34; rating and a $112.00 price objective for the company. Citigroup lifted their target price on shares of Arista Networks from $123.00 to $136.00 and gave the company a &#34;buy&#34; rating in a report on Wednesday. Barclays  reissued an &#34;overweight&#34; rating and set a $151.00 price target (up from $119.00) on shares of Arista Networks in a report on Thursday. Finally, The Goldman Sachs Group boosted their target price on Arista Networks from $115.00 to $155.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned  a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $138.07.</p><p><b>Read Our Latest Research Report on Arista Networks</b></p><h2>Arista Networks Price Performance</h2><ul><li>3 AI Infrastructure Stocks With Strong Growth, Not Hype</li></ul><p>NYSE ANET opened at $139.26 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $141.01. The company's fifty day moving average is $104.55 and its two-hundred day moving average is $95.41. The firm has a market capitalization of $174.90 billion, a price-to-earnings ratio of 54.77, a P/E/G ratio of 4.00 and a beta of 1.37. </p><p>Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business's revenue for the quarter was up 30.4% compared to the same quarter last year.  As a group, sell-side analysts expect that  Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year. </p><p>Arista Networks announced that its board has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $1.50 billion in    shares. This buyback authorization allows the technology company to reacquire up to 1.3% of its stock  through open market purchases. Stock  buyback programs are usually an indication that the company's leadership believes its shares are undervalued. </p><h2>About Arista Networks</h2> (Free Report)<p>Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.</p><h2>See Also</h2><ul><li>Five stocks we like better than Arista Networks</li><li>Consumer Discretionary Stocks Explained</li><li>3 AI Infrastructure Stocks Powering the Next Tech Revolution</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Why Monolithic Power's Earnings and Guidance Ignited a Rally</li><li>Dividend King Proctor &amp; Gamble Is A Buy On Post-Earnings Weakness </li><li>AppLovin’s Q2 Miss Spooks Market, But Wall Street Doubles Down</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFORVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFORVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Arista Networks Right Now?</h2><p>Before you consider Arista Networks, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arista Networks wasn't on the list.</p><p>While Arista Networks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ANET

<p>Swiss National Bank boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 0.1% during the 1st quarter, according to its most recent filing with the SEC.</p>

Swiss National Bank Boosts Stock Position in Arista Networks, Inc. (NYSE:ANET)