Steel Grove Capital Advisors LLC Invests $445,000 in Arista Networks, Inc. $ANET

Steel Grove Capital Advisors LLC acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,393 shares of the technology company’s stock, valued at approximately $445,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Arista Networks during the 4th quarter worth $26,000. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the 3rd quarter worth $29,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Arista Networks during the 4th quarter worth $30,000. Quarry LP acquired a new stake in shares of Arista Networks during the 3rd quarter worth $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth $34,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Trading Up 2.7%

Shares of NYSE ANET opened at $158.21 on Wednesday. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80. The company has a market cap of $199.22 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.37 and a beta of 1.67. The stock has a fifty day moving average price of $146.24 and a 200 day moving average price of $137.17.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) 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 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 firm’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. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ANET shares. 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. KeyCorp restated 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. Weiss Ratings upgraded Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Rosenblatt Securities increased their price target on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Evercore reiterated an “outperform” rating and issued a $200.00 price target 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, twenty-one have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Arista Networks currently has an average rating of “Buy” and a consensus target price of $181.84.

Insider Transactions at Arista Networks

In related news, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the completion of the sale, the director directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed 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, Director Yvonne Wassenaar sold 971 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $140.93, for a total value of $136,843.03. Following the sale, the director owned 9,784 shares of the company’s stock, valued at $1,378,859.12. This represents a 9.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,501,885 shares of company stock worth $246,477,400 in the last quarter. 2.70% of the stock is owned by corporate insiders.

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.