Arista Networks, Inc. $ANET Holdings Decreased by Sei Investments Co.

Sei Investments Co. reduced its position in shares of Arista Networks, Inc. (NYSE:ANETFree Report) by 22.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 618,773 shares of the technology company’s stock after selling 178,857 shares during the quarter. Sei Investments Co.’s holdings in Arista Networks were worth $75,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Lighthouse Financial Services Inc. ADV bought a new position in Arista Networks in the fourth quarter worth about $1,549,000. Bensler LLC bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $6,350,000. QRG Capital Management Inc. grew 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 valued at $22,224,000 after purchasing an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. raised its position in shares of Arista Networks by 59.8% during the 4th 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. acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $3,058,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks News Roundup

Here are the key news stories impacting Arista Networks this week:

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ANET shares. Bank of America increased their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, Rosenblatt Securities upped their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $189.74.

Get Our Latest Analysis on ANET

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 17,333 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,224,345.92. This trade represents a 57.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total value of $39,040,800.00. Following the transaction, the insider directly owned 182,043,048 shares of the company’s stock, valued at approximately $29,612,942,618.16. The trade was a 0.13% 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. Over the last ninety days, insiders have sold 2,264,983 shares of company stock valued at $376,175,065. 2.70% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

Shares of ANET opened at $173.79 on Friday. The firm has a market capitalization of $218.83 billion, a price-to-earnings ratio of 59.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.60. Arista Networks, Inc. has a one year low of $113.55 and a one year high of $189.82. The stock’s fifty day moving average is $164.95 and its 200-day moving average is $148.70.

Arista Networks (NYSE:ANETGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Arista Networks Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANETFree Report).

Institutional Ownership by Quarter for Arista Networks (NYSE:ANET)

Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.