Root Financial Partners LLC Has $1.60 Million Holdings in Arista Networks, Inc. $ANET

Root Financial Partners LLC increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 154.1% during the fourth quarter, Holdings Channel reports. The fund owned 12,188 shares of the technology company’s stock after acquiring an additional 7,391 shares during the quarter. Root Financial Partners LLC’s holdings in Arista Networks were worth $1,597,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ANET. Knuff & Co LLC purchased a new position in Arista Networks during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund purchased a new position in Arista Networks during the fourth quarter valued at approximately $26,000. Quarry LP purchased a new position in Arista Networks during the third quarter valued at approximately $33,000. Ameliora Wealth Management Ltd. purchased a new position in Arista Networks during the fourth quarter valued at approximately $30,000. Finally, Ares Financial Consulting LLC purchased a new position in Arista Networks during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total value of $34,509,200.00. Following the sale, the insider owned 182,803,048 shares of the company’s stock, valued at approximately $28,674,486,109.28. This represents a 0.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the completion of the sale, the chief financial officer directly owned 64,408 shares in the company, valued at approximately $10,112,056. The trade was a 3.66% decrease in their position. 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 have sold 1,935,142 shares of company stock worth $313,589,223 in the last quarter. 2.70% of the stock is owned by corporate insiders.

Arista Networks Stock Performance

Shares of ANET stock opened at $170.91 on Tuesday. Arista Networks, Inc. has a 52-week low of $85.58 and a 52-week high of $179.80. The stock has a market cap of $215.20 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 2.46 and a beta of 1.67. The firm has a fifty day moving average of $148.22 and a 200-day moving average of $137.86.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ANET shares. Rosenblatt Securities boosted their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $185.72.

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.