Arista Networks, Inc. $ANET is Clifford Swan Investment Counsel LLC’s 8th Largest Position

Clifford Swan Investment Counsel LLC reduced its position in Arista Networks, Inc. (NYSE:ANET) by 3.4% in the 1st quarter, Holdings Channel reports. The firm owned 514,469 shares of the technology company’s stock after selling 18,269 shares during the quarter. Arista Networks accounts for about 2.1% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 8th largest position. Clifford Swan Investment Counsel LLC’s holdings in Arista Networks were worth $63,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Arista Networks during the 4th quarter worth $1,558,563,000. M&T Bank Corp raised its position in shares of Arista Networks by 3,182.7% in the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after buying an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Arista Networks by 59.3% in the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after buying an additional 2,934,098 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Arista Networks by 86.0% in the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock worth $520,168,000 after buying an additional 1,960,829 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Arista Networks during the fourth quarter worth about $198,285,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the completion of the sale, the insider directly owned 182,043,048 shares of the company’s stock, valued at approximately $29,612,942,618.16. This trade represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the sale, the director directly owned 192,333 shares of the company’s stock, valued at $32,131,150.98. The trade was a 3.99% 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 sold 3,092,983 shares of company stock worth $519,161,650 in the last three months. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on ANET shares. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. UBS Group restated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Finally, Citigroup dropped their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus price target of $188.95.

Arista Networks Price Performance

Arista Networks stock opened at $168.60 on Friday. The firm has a 50 day simple moving average of $161.75 and a 200-day simple moving average of $147.25. The stock has a market cap of $212.30 billion, a price-to-earnings ratio of 57.74, a price-to-earnings-growth ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a 1-year low of $106.99 and a 1-year high of $189.82.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating 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 firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The business’s revenue for the quarter 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. Equities analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal 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.