Caldwell Trust Co Purchases 3,381 Shares of Arista Networks, Inc. $ANET

Caldwell Trust Co lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 6.9% during the 1st quarter, Holdings Channel reports. The firm owned 52,109 shares of the technology company’s stock after purchasing an additional 3,381 shares during the quarter. Caldwell Trust Co’s holdings in Arista Networks were worth $6,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Knuff & Co LLC acquired a new stake in Arista Networks in the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund acquired a new position in Arista Networks during the fourth quarter worth approximately $26,000. Sankala Group LLC acquired a new position in Arista Networks during the fourth quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter valued at approximately $28,000. Finally, Quarry LP bought a new stake in Arista Networks in the third quarter valued at approximately $33,000. 82.47% of the stock is owned by institutional investors.

Insider Activity at Arista Networks

In other news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total value of $384,336.00. Following the completion of the sale, the chief financial officer owned 64,408 shares of the company’s stock, valued at approximately $10,112,056. The trade was a 3.66% 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 17,333 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $2,224,345.92. This trade represents a 57.19% 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. In the last ninety days, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup cut their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. TD Cowen restated a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities increased their price target on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Truist Financial set a $175.00 price target on Arista Networks in a report on Wednesday, May 6th. Finally, Bank of America lifted their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks Trading Down 4.6%

Shares of NYSE ANET opened at $157.80 on Friday. The firm has a market cap of $198.70 billion, a P/E ratio of 54.04, a price-to-earnings-growth ratio of 2.43 and a beta of 1.61. The business’s 50 day moving average is $159.49 and its 200-day moving average is $142.71. Arista Networks, Inc. has a 1-year low of $97.14 and a 1-year high of $179.80.

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

Arista Networks Company 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.