Smith Salley Wealth Management Boosts Stake in Arista Networks, Inc. $ANET

Smith Salley Wealth Management increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,992 shares of the technology company’s stock after acquiring an additional 3,648 shares during the quarter. Arista Networks comprises 1.2% of Smith Salley Wealth Management’s investment portfolio, making the stock its 24th biggest position. Smith Salley Wealth Management’s holdings in Arista Networks were worth $24,310,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its stake in Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 70 shares in the last quarter. United Asset Strategies Inc. boosted its holdings in shares of Arista Networks by 1.2% during the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock worth $827,000 after purchasing an additional 72 shares during the last quarter. West Family Investments Inc. grew its position in shares of Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 76 shares in the last quarter. Personal CFO Solutions LLC grew its position in shares of Arista Networks by 3.2% in the fourth quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock valued at $318,000 after purchasing an additional 76 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD increased its holdings in shares of Arista Networks by 2.2% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock valued at $518,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s 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 completion of the sale, the insider directly 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 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, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 2,603,747 shares of company stock worth $423,901,619. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James Financial upgraded 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. Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. Rosenblatt Securities raised their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and a consensus target price of $187.63.

Arista Networks Stock Performance

ANET stock opened at $169.84 on Monday. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80. The firm has a market cap of $213.86 billion, a PE ratio of 58.16, a PEG ratio of 2.62 and a beta of 1.61. The firm’s 50 day moving average price is $158.10 and its 200-day moving average price is $141.53.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data 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. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.27 EPS 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.