Mariner LLC grew its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 992,702 shares of the technology company’s stock after acquiring an additional 141,212 shares during the quarter. Mariner LLC owned 0.08% of Arista Networks worth $130,107,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ANET. Board of the Pension Protection Fund bought a new stake in Arista Networks in the fourth quarter worth $26,000. Knuff & Co LLC bought a new stake in Arista Networks in the third quarter worth $29,000. Ameliora Wealth Management Ltd. bought a new stake in Arista Networks in the fourth quarter worth $30,000. Quarry LP bought a new stake in Arista Networks in the third quarter worth $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Arista Networks during the fourth quarter valued at $34,000. 82.47% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
ANET has been the topic of a number of research analyst reports. Susquehanna raised Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a report on Friday, May 15th. JPMorgan Chase & Co. increased their target price on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Citigroup lowered their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $186.47.
Insider Activity
In related news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction 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 directly owned 5,209,207 shares in the company, valued at $924,321,690.08. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,119,110.56. This trade represents a 71.15% 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 three months, insiders have sold 2,343,747 shares of company stock worth $380,853,419. 2.70% of the stock is currently owned by company insiders.
Arista Networks Price Performance
NYSE ANET opened at $169.20 on Tuesday. The stock has a market capitalization of $213.06 billion, a PE ratio of 57.94, a P/E/G ratio of 2.52 and a beta of 1.61. The business has a 50 day simple moving average of $155.28 and a two-hundred day simple moving average of $140.43. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly 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. The firm 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%.Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal 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.
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