Peapack Gladstone Financial Corp Cuts Position in Arista Networks, Inc. $ANET

Peapack Gladstone Financial Corp decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,116 shares of the technology company’s stock after selling 4,760 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Arista Networks were worth $10,629,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Lighthouse Financial Services Inc. ADV purchased a new position in Arista Networks in the fourth quarter worth $1,549,000. QRG Capital Management Inc. increased its position in shares of Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares in the last quarter. Bensler LLC purchased a new position in shares of Arista Networks in the fourth quarter valued at $6,350,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Arista Networks by 38.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock valued at $96,480,000 after buying an additional 183,515 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its position in shares of Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after buying an additional 6,591 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 7.2%

Arista Networks stock opened at $170.91 on Tuesday. The stock has a market cap of $215.20 billion, a PE ratio of 58.53, a P/E/G ratio of 2.46 and a beta of 1.67. The stock has a 50-day moving average price of $148.22 and a 200 day moving average price of $137.86. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity

In related news, Director Yvonne Wassenaar sold 971 shares of Arista Networks stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $140.93, for a total transaction of $136,843.03. Following the completion of the sale, the director owned 9,784 shares in the company, valued at approximately $1,378,859.12. This trade represents a 9.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 220,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00. Following the completion of the sale, the insider directly owned 182,803,048 shares in the company, valued at approximately $28,674,486,109.28. The trade was a 0.12% 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 have sold a total of 1,935,142 shares of company stock worth $313,589,223 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of research analyst reports. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Evercore restated an “outperform” rating and issued a $200.00 price target on shares of Arista Networks in a research report on Friday, February 13th. Barclays restated an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. Two 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. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus target price of $185.72.

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.