Ibex Wealth Advisors lifted its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,584 shares of the technology company’s stock after purchasing an additional 3,395 shares during the period. Ibex Wealth Advisors’ holdings in Arista Networks were worth $9,249,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Lighthouse Financial Services Inc. ADV purchased a new stake in shares of Arista Networks during the fourth quarter worth about $1,549,000. Bensler LLC purchased a new stake in shares of Arista Networks during the fourth quarter worth about $6,350,000. QRG Capital Management Inc. boosted its holdings in shares of Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after purchasing an additional 10,217 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of Arista Networks by 59.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after purchasing an additional 6,591 shares during the period. Finally, Reaves W H & Co. Inc. purchased a new stake in shares of Arista Networks during the fourth quarter worth about $3,058,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, 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, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,119,110.56. This represents a 71.15% 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 sold 2,343,747 shares of company stock valued at $380,853,419. Corporate insiders own 2.70% of the company’s stock.
Arista Networks Stock Performance
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 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 firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue 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. On average, equities analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ANET. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. TD Cowen reiterated a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $186.47.
Get Our Latest Stock Report on ANET
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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