Nuveen LLC cut its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,184,753 shares of the technology company’s stock after selling 954,352 shares during the period. Nuveen LLC’s holdings in Arista Networks were worth $1,596,568,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Knuff & Co LLC bought a new stake in Arista Networks in the 3rd quarter valued at $29,000. Board of the Pension Protection Fund bought a new stake in Arista Networks in the 4th quarter valued at $26,000. Quarry LP bought a new stake in Arista Networks in the 3rd quarter valued at $33,000. Ameliora Wealth Management Ltd. bought a new stake in Arista Networks in the 4th quarter valued at $30,000. Finally, Ares Financial Consulting LLC bought a new stake in Arista Networks in the 4th quarter valued at $34,000. 82.47% of the stock is owned by institutional investors.
Insider Buying and Selling at Arista Networks
In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $169.09, for a total transaction of $1,352,720.00. Following the completion of the sale, the director owned 200,333 shares in the company, valued at $33,874,306.97. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the sale, the chief financial officer owned 64,408 shares of the company’s stock, valued at $10,112,056. This trade represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,403,142 shares of company stock worth $388,820,943 over the last ninety days. Company insiders own 2.70% of the company’s stock.
Trending Headlines about Arista Networks
- Positive Sentiment: Arista’s rollout of its 7060XE7 Series 1.6T networking platforms supports the AI growth story, as the products are designed for rack-scale AI infrastructure and higher-capacity data-center networking. Article Title
- Positive Sentiment: Erste Group Bank raised its FY2027 earnings estimate for Arista Networks, adding to signs that Wall Street expects continued earnings growth. Article Title
- Neutral Sentiment: Broader market volatility tied to AI spending, interest rates, and growth concerns may be increasing attention on AI infrastructure names like ANET, but it is not a company-specific catalyst. Article Title
- Negative Sentiment: Recent insider selling by major shareholder Andreas Bechtolsheim may weigh on sentiment, even though the trades were made under a pre-arranged 10b5-1 plan. Article Title
Arista Networks Stock Up 3.1%
Shares of Arista Networks stock opened at $156.46 on Friday. The stock has a market capitalization of $197.01 billion, a P/E ratio of 53.58, a price-to-earnings-growth ratio of 2.34 and a beta of 1.61. The company has a 50-day simple moving average of $153.66 and a 200 day simple moving average of $139.83. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80.
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 analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during 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 firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ANET has been the subject of a number of recent research reports. Piper Sandler restated 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. Morgan Stanley restated an “overweight” rating and issued a $180.00 price objective on shares of Arista Networks in a research note on Friday, May 1st. Citigroup dropped their price objective on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Rosenblatt Securities increased their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two equities research 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. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $185.95.
View Our Latest Stock Analysis on ANET
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.
Read More
- Five stocks we like better than Arista Networks
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
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:ANET – Free Report).
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.
