Arista Networks, Inc. $ANET is WD Rutherford LLC’s 4th Largest Position

WD Rutherford LLC trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 8.6% in the first quarter, Holdings Channel reports. The firm owned 50,105 shares of the technology company’s stock after selling 4,720 shares during the period. Arista Networks comprises 2.7% of WD Rutherford LLC’s investment portfolio, making the stock its 4th largest holding. WD Rutherford LLC’s holdings in Arista Networks were worth $6,152,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC purchased a new position in Arista Networks in the 4th quarter valued at approximately $251,000. Sivia Capital Partners LLC raised its stake in shares of Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 17,333 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at $2,224,345.92. This trade represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,639,080 shares of company stock valued at $430,322,162 in the last three months. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ANET. JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. UBS Group reiterated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Wolfe Research reiterated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Arista Networks has a consensus rating of “Buy” and an average price target of $187.63.

Arista Networks Trading Down 1.8%

Shares of ANET opened at $166.78 on Thursday. The stock’s 50 day moving average is $159.67 and its two-hundred day moving average is $143.55. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80. The firm has a market capitalization of $210.00 billion, a PE ratio of 57.12, a P/E/G ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company earned $0.65 earnings per share. Arista Networks’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 EPS for the current year.

Arista Networks Profile

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.