True North Advisors LLC Purchases 7,978 Shares of Arista Networks, Inc. $ANET

True North Advisors LLC lifted its position in Arista Networks, Inc. (NYSE:ANET) by 208.9% in the first quarter, Holdings Channel.com reports. The firm owned 11,797 shares of the technology company’s stock after purchasing an additional 7,978 shares during the quarter. True North Advisors LLC’s holdings in Arista Networks were worth $1,448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new stake in Arista Networks in the 4th quarter worth approximately $26,000. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter worth approximately $26,000. Sankala Group LLC bought a new position in Arista Networks during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new position in Arista Networks during the fourth quarter valued at approximately $28,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $30,000. 82.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ANET shares. Needham & Company LLC restated a “buy” rating and issued a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Rosenblatt Securities lifted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Finally, Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Arista Networks presently has an average rating of “Buy” and an average price target of $188.95.

Arista Networks Stock Performance

Shares of ANET stock opened at $168.60 on Friday. The company has a market capitalization of $212.30 billion, a P/E ratio of 57.74, a PEG ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a fifty-two week low of $106.99 and a fifty-two week high of $189.82. The stock has a 50 day moving average price of $161.75 and a two-hundred day moving average price of $147.25.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.62 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business’s 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. As a group, equities analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Activity

In other Arista Networks news, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $171.42, for a total value 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 position. The sale 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 240,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the completion of the transaction, the insider owned 182,043,048 shares in the company, valued at $29,612,942,618.16. The trade was a 0.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,092,983 shares of company stock worth $519,161,650. 2.70% of the stock is currently owned by corporate insiders.

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.