Strategic Advisors LLC Buys 3,496 Shares of Arista Networks, Inc. $ANET

Strategic Advisors LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,313 shares of the technology company’s stock after purchasing an additional 3,496 shares during the period. Strategic Advisors LLC’s holdings in Arista Networks were worth $2,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ANET. Board of the Pension Protection Fund bought a new position in shares of Arista Networks during the 4th quarter valued at about $26,000. Knuff & Co LLC bought a new position in shares of Arista Networks during the 3rd quarter valued at about $29,000. Ameliora Wealth Management Ltd. bought a new position in shares of Arista Networks during the 4th quarter valued at about $30,000. Quarry LP bought a new position in shares of Arista Networks during the 3rd quarter valued at about $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Arista Networks during the 4th quarter valued at about $34,000. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup lowered their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Wells Fargo & Company increased their price target on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Barclays reaffirmed an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $185.72.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,740,600.64. This trade represents a 71.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,935,142 shares of company stock valued at $313,589,223. 2.70% of the stock is currently owned by company insiders.

Arista Networks Price Performance

Arista Networks stock opened at $170.91 on Tuesday. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80. The firm has a market capitalization of $215.20 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 2.46 and a beta of 1.67. The company’s 50-day moving average is $148.22 and its 200 day moving average is $137.86.

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

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.