Clifford Swan Investment Counsel LLC Sells 18,491 Shares of Arista Networks, Inc. $ANET

Clifford Swan Investment Counsel LLC decreased its position in Arista Networks, Inc. (NYSE:ANET) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 532,738 shares of the technology company’s stock after selling 18,491 shares during the period. Arista Networks makes up approximately 2.3% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 7th biggest position. Clifford Swan Investment Counsel LLC’s holdings in Arista Networks were worth $69,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ANET. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks during the fourth quarter valued at about $26,000. Knuff & Co LLC acquired a new position in shares of Arista Networks during the third quarter valued at about $29,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Arista Networks during the fourth quarter valued at about $30,000. Quarry LP acquired a new position in shares of Arista Networks during the third quarter valued at about $33,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Arista Networks during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity

In other news, insider Kenneth Duda sold 32,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,740,600.64. This represents a 71.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayshree Ullal sold 428,000 shares of the 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 transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. 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. Insiders sold 1,943,142 shares of company stock valued at $314,941,943 in the last three months. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ANET shares. Wells Fargo & Company upped their price objective on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price objective on shares of Arista Networks in a report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $188.00 price objective (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Evercore reiterated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Finally, KeyCorp reiterated an “overweight” rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Buy” and an average target price of $185.72.

Arista Networks Stock Performance

Shares of ANET stock opened at $166.31 on Friday. Arista Networks, Inc. has a 52-week low of $85.58 and a 52-week high of $179.80. The company has a 50-day simple moving average of $150.59 and a two-hundred day simple moving average of $138.71. The company has a market capitalization of $209.42 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 2.69 and a beta of 1.61.

Arista Networks (NYSE:ANET) 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 net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.65 EPS. The company’s 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. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Arista Networks 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.