Hsbc Holdings PLC Lowers Position in Arista Networks, Inc. $ANET

Hsbc Holdings PLC decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANETFree Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,768,779 shares of the technology company’s stock after selling 222,557 shares during the period. Hsbc Holdings PLC’s holdings in Arista Networks were worth $363,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Knuff & Co LLC purchased a new stake in shares of Arista Networks in the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund bought a new stake in shares of Arista Networks during the 4th quarter valued at about $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks during the fourth quarter worth about $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks during the fourth quarter worth about $28,000. Finally, Quarry LP bought a new position in shares of Arista Networks in the third quarter worth approximately $33,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In related news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total value of $61,797.68. Following the transaction, the director directly owned 10,078 shares of the company’s stock, valued at $1,475,822.32. The trade was a 4.02% decrease in their ownership of the stock. 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, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on 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 sale, the director owned 200,333 shares of the company’s stock, valued at $33,874,306.97. This represents a 3.84% 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. In the last ninety days, insiders have sold 2,603,747 shares of company stock valued at $423,901,619. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANET. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Bank of America boosted their price target on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. TD Cowen reissued a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $187.63.

Get Our Latest Analysis on ANET

Arista Networks Trading Up 0.1%

ANET opened at $169.84 on Friday. The company has a market cap of $213.86 billion, a P/E ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61. The business’s 50-day moving average price is $158.10 and its 200-day moving average price is $141.44. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80.

Arista Networks (NYSE:ANETGet Free Report) last released its earnings results 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. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 EPS. Arista Networks’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Arista Networks 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.

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

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