Braun Stacey Associates Inc. reduced its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 11.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,034 shares of the technology company’s stock after selling 9,605 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Arista Networks were worth $9,458,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in shares of Arista Networks in the 4th quarter valued at about $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks during the fourth quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the fourth quarter worth approximately $28,000. Knuff & Co LLC acquired a new position in Arista Networks in the third quarter valued at approximately $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Arista Networks in the fourth quarter valued at approximately $30,000. 82.47% of the stock is owned by institutional investors.
Insider Buying and Selling at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the transaction, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $171.42, for a total value of $2,971,222.86. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at $2,224,345.92. This trade represents a 57.19% 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 have sold a total of 2,647,080 shares of company stock worth $431,329,762 in the last three months. 2.70% of the stock is owned by insiders.
Arista Networks Stock Performance
Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm posted $0.65 earnings per share. The business’s quarterly 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. Analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ANET has been the topic of a number of recent research reports. Piper Sandler reaffirmed 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. Barclays reissued an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. UBS Group restated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, June 10th. Finally, Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus price target of $187.63.
Get Our Latest Stock Report on Arista Networks
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.
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