Pittenger & Anderson Inc. Has $5.23 Million Position in Arista Networks, Inc. $ANET

Pittenger & Anderson Inc. reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 64.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,892 shares of the technology company’s stock after selling 71,312 shares during the period. Pittenger & Anderson Inc.’s holdings in Arista Networks were worth $5,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Balentine LLC increased its holdings in shares of Arista Networks by 4.5% in the fourth quarter. Balentine LLC now owns 4,623 shares of the technology company’s stock valued at $606,000 after purchasing an additional 198 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Arista Networks by 2.8% in the fourth quarter. Benjamin Edwards Inc. now owns 34,189 shares of the technology company’s stock valued at $4,479,000 after purchasing an additional 947 shares during the last quarter. Strs Ohio increased its holdings in shares of Arista Networks by 15.9% in the fourth quarter. Strs Ohio now owns 764,874 shares of the technology company’s stock valued at $100,221,000 after purchasing an additional 104,986 shares during the last quarter. LVZ Inc. increased its holdings in shares of Arista Networks by 14.7% in the fourth quarter. LVZ Inc. now owns 7,550 shares of the technology company’s stock valued at $989,000 after purchasing an additional 968 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of Arista Networks by 18.8% in the fourth quarter. Artemis Investment Management LLP now owns 28,356 shares of the technology company’s stock valued at $3,715,000 after acquiring an additional 4,494 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ANET. KeyCorp restated an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Rosenblatt Securities upgraded shares of Arista Networks from a “neutral” rating to a “buy” rating and upped their price target for the company from $165.00 to $180.00 in a research note on Tuesday, April 7th. TD Cowen began coverage on shares of Arista Networks in a research note on Thursday, March 12th. They issued a “buy” rating and a $170.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus price target of $178.67.

Arista Networks News Summary

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Morgan Stanley expects Arista’s Q1 to benefit from new customer wins and margin resilience, reinforcing the view that demand tied to AI and hyperscale networking will support near-term revenue and profitability. Arista Networks’ Q1 Results to Benefit From New Customers, Margin Resilience, Morgan Stanley Says
• Positive Sentiment: Coverage previews highlight Arista’s AI networking momentum and the XPO platform launch as catalysts that have driven upward estimate revisions and stronger investor interest ahead of earnings. Should You Add ANET Stock to Your Portfolio Ahead of Q1 Earnings?
• Neutral Sentiment: Wall Street analyst consensus remains positive (average rating ~Buy), which supports sentiment but also suggests expectations are highly baked into the stock’s premium multiple. Wall Street Analysts See Arista Networks (ANET) as a Buy: Should You Invest?
• Neutral Sentiment: Arista is a trending stock on investor platforms — increased attention can amplify intraday moves but doesn’t guarantee direction without confirming earnings/guide. Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
• Negative Sentiment: Several write-ups warn that Arista’s premium valuation and elevated expectations may limit upside if the company only meets (not exceeds) Q1 results or issues cautious guidance. That raises the risk of a pullback even with strong underlying demand trends. Should You Add ANET Stock to Your Portfolio Ahead of Q1 Earnings?

Arista Networks Stock Performance

ANET stock opened at $172.76 on Friday. Arista Networks, Inc. has a 52 week low of $82.80 and a 52 week high of $179.80. The company’s 50-day simple moving average is $141.84 and its 200 day simple moving average is $137.69. The company has a market capitalization of $217.53 billion, a PE ratio of 62.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. Arista Networks’s revenue was up 28.9% compared to the same quarter last year. On average, analysts forecast that Arista Networks, Inc. will post 3.17 EPS for the current year.

Insider Buying and Selling at Arista Networks

In related news, Director Yvonne Wassenaar sold 1,395 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $153.07, for a total transaction of $213,532.65. Following the completion of the sale, the director owned 9,784 shares of the company’s stock, valued at $1,497,636.88. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% 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 a total of 1,502,729 shares of company stock valued at $246,427,959 over the last three months. 3.39% of the stock is owned by insiders.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.