Glynn Capital Management LLC trimmed its holdings in Arista Networks, Inc. (NYSE:ANET – Free Report) by 12.2% in the fourth quarter, Holdings Channel reports. The fund owned 82,567 shares of the technology company’s stock after selling 11,441 shares during the period. Arista Networks accounts for about 3.7% of Glynn Capital Management LLC’s portfolio, making the stock its 14th biggest position. Glynn Capital Management LLC’s holdings in Arista Networks were worth $10,819,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANET. Brighton Jones LLC grew its stake in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $202,000. Bison Wealth LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $251,000. Sivia Capital Partners LLC boosted its position in Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Arista Networks by 31.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ANET has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $180.00 price target on shares of Arista Networks in a research report on Friday, May 1st. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Truist Financial set a $175.00 price objective on Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities upped their price objective on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price objective on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average price target of $185.72.
Arista Networks Stock Up 0.6%
NYSE:ANET opened at $155.21 on Friday. The stock’s 50 day moving average price is $147.06 and its two-hundred day moving average price is $137.46. The firm has a market capitalization of $195.44 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 2.37 and a beta of 1.67. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80.
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.71 billion for 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 business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.28 EPS for the current year.
Insider Transactions at Arista Networks
In other news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00. Following the transaction, the insider owned 182,803,048 shares in the company, valued at approximately $28,674,486,109.28. This trade represents a 0.12% decrease in their position. 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. Over the last quarter, insiders have sold 1,943,142 shares of company stock worth $314,618,583. Company insiders own 2.70% of the company’s stock.
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.
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