Commerzbank Aktiengesellschaft FI reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 5.6% during the first quarter, Holdings Channel.com reports. The firm owned 50,815 shares of the technology company’s stock after selling 2,992 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Arista Networks were worth $6,239,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Sankala Group LLC acquired a new position in Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the 4th quarter worth about $28,000. Main Street Group LTD acquired a new stake in shares of Arista Networks in the 1st quarter worth approximately $26,000. Quarry LP acquired a new stake in shares of Arista Networks in the 3rd quarter worth approximately $33,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.47% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. upped their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Citigroup decreased their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $188.95.
Insider Buying and Selling at Arista Networks
In other news, CEO Jayshree Ullal sold 428,000 shares of the 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 completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% 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. Insiders sold 2,692,983 shares of company stock worth $452,119,385 in the last ninety days. 2.70% of the stock is owned by corporate insiders.
Arista Networks Price Performance
NYSE ANET opened at $169.17 on Tuesday. The company’s 50 day simple moving average is $162.41 and its 200 day simple moving average is $147.60. Arista Networks, Inc. has a 12 month low of $106.99 and a 12 month high of $189.82. The company has a market capitalization of $213.02 billion, a P/E ratio of 57.94, a PEG ratio of 2.59 and a beta of 1.60.
Arista Networks (NYSE:ANET – Get Free Report) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current 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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