Jefferies Financial Group Inc. boosted its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 59.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,621 shares of the technology company’s stock after purchasing an additional 6,591 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Arista Networks were worth $2,309,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lighthouse Financial Services Inc. ADV acquired a new position in Arista Networks in the fourth quarter valued at $1,549,000. Bensler LLC purchased a new position in Arista Networks in the fourth quarter valued at about $6,350,000. QRG Capital Management Inc. raised its position in Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after purchasing an additional 10,217 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Arista Networks by 38.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock valued at $96,480,000 after purchasing an additional 183,515 shares during the period. Finally, Czech National Bank raised its position in Arista Networks by 4.0% in the fourth quarter. Czech National Bank now owns 272,284 shares of the technology company’s stock valued at $35,677,000 after purchasing an additional 10,525 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
Insider Buying and Selling at Arista Networks
In other news, Director Yvonne Wassenaar sold 971 shares of Arista Networks stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $140.93, for a total transaction of $136,843.03. Following the sale, the director directly owned 9,784 shares of the company’s stock, valued at approximately $1,378,859.12. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the sale, the director directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. The trade was a 4.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,501,885 shares of company stock valued at $246,477,400. Company insiders own 2.70% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on ANET
Arista Networks Stock Performance
Shares of NYSE ANET opened at $158.21 on Wednesday. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The firm has a market cap of $199.22 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.37 and a beta of 1.67. The stock’s 50-day simple moving average is $146.24 and its 200-day simple moving average is $137.17.
Arista Networks (NYSE:ANET – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’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. As a group, research analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current 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.
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