Sterling Capital Management LLC Sells 17,403 Shares of Arista Networks, Inc. $ANET

Posted by Francis Steltz on Jun 29th, 2026

Sterling Capital Management LLC lowered its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 40.3% during the first quarter, Holdings Channel reports. The institutional investor owned 25,797 shares of the technology company’s stock after selling 17,403 shares during the quarter. Sterling Capital Management LLC’s holdings in Arista Networks were worth $3,167,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ANET. Board of the Pension Protection Fund purchased a new position in Arista Networks in the fourth quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks during the 4th quarter valued at $28,000. Knuff & Co LLC acquired a new stake in shares of Arista Networks in the 3rd quarter worth $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Arista Networks in the 4th quarter worth $30,000. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the sale, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 260,000 shares of Arista Networks stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the transaction, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 2,647,080 shares of company stock valued at $431,329,762. Company insiders own 2.70% of the company’s stock.

Arista Networks Stock Up 0.1%

Shares of ANET opened at $157.80 on Monday. The company has a market capitalization of $198.70 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 2.43 and a beta of 1.61. Arista Networks, Inc. has a 52 week low of $97.14 and a 52 week high of $179.80. The stock’s 50-day moving average price is $159.49 and its 200-day moving average price is $142.81.

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, beating the consensus estimate 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 analysts’ expectations of $2.62 billion. During the same period last year, the business earned $0.65 earnings per share. Arista Networks’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. UBS Group restated a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. 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 research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $187.63.

Read Our Latest Stock Analysis on ANET

About Arista Networks

(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.