Nwam LLC Sells 17,141 Shares of Arista Networks, Inc. $ANET

Nwam LLC lowered its holdings in Arista Networks, Inc. (NYSE:ANET) by 90.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,825 shares of the technology company’s stock after selling 17,141 shares during the quarter. Nwam LLC’s holdings in Arista Networks were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock valued at $13,258,877,000 after purchasing an additional 1,188,799 shares during the period. State Street Corp boosted its holdings in Arista Networks by 0.5% in the 3rd quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after purchasing an additional 245,976 shares during the period. Invesco Ltd. boosted its holdings in Arista Networks by 1.8% in the 3rd quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company’s stock valued at $1,470,834,000 after purchasing an additional 181,813 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Arista Networks by 82.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after purchasing an additional 4,332,659 shares during the period. Finally, Swedbank AB boosted its holdings in Arista Networks by 3.6% in the 4th quarter. Swedbank AB now owns 7,364,990 shares of the technology company’s stock valued at $965,035,000 after purchasing an additional 258,567 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. Evercore restated an “outperform” rating and issued a $200.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Wells Fargo & Company boosted their target price on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. UBS Group restated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $182.83.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,502,729 shares of company stock valued at $246,707,719. 3.54% of the stock is owned by corporate insiders.

Arista Networks Price Performance

ANET stock opened at $142.60 on Wednesday. The company has a 50 day simple moving average of $143.74 and a 200 day simple moving average of $137.75. The stock has a market cap of $179.56 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 2.15 and a beta of 1.67. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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 quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.2 EPS for the current fiscal year.

Arista Networks Company Profile

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.