Sit Investment Associates Inc. Sells 7,814 Shares of Arista Networks, Inc. $ANET

Sit Investment Associates Inc. decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,123 shares of the technology company’s stock after selling 7,814 shares during the period. Sit Investment Associates Inc.’s holdings in Arista Networks were worth $34,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ANET. Whittier Trust Co. of Nevada Inc. raised its stake in Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 70 shares during the last quarter. United Asset Strategies Inc. raised its stake in Arista Networks by 1.2% in the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock worth $827,000 after acquiring an additional 72 shares during the last quarter. West Family Investments Inc. raised its stake in Arista Networks by 0.9% in the 3rd quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 76 shares during the last quarter. Personal CFO Solutions LLC raised its stake in Arista Networks by 3.2% in the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after acquiring an additional 76 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD raised its stake in Arista Networks by 2.2% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock worth $518,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the sale, the insider directly owned 111,848 shares in the company, valued at $17,664,154.64. This trade represents a 66.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $169.09, for a total value of $1,352,720.00. Following the sale, the director owned 200,333 shares in the company, valued at $33,874,306.97. This trade represents a 3.84% 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. Over the last three months, insiders sold 2,403,142 shares of company stock worth $388,820,943. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Stock Up 3.1%

NYSE:ANET opened at $156.46 on Friday. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80. The stock has a market capitalization of $197.01 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 2.34 and a beta of 1.61. The stock’s 50-day moving average price is $153.66 and its 200-day moving average price is $139.83.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $0.65 EPS. The company’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. Sell-side analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of recent research reports. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. KeyCorp reissued an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group reissued a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Citigroup reduced their price target 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. Two equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $185.95.

More Arista Networks News

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista’s rollout of its 7060XE7 Series 1.6T networking platforms supports the AI growth story, as the products are designed for rack-scale AI infrastructure and higher-capacity data-center networking. Article Title
• Positive Sentiment: Erste Group Bank raised its FY2027 earnings estimate for Arista Networks, adding to signs that Wall Street expects continued earnings growth. Article Title
• Neutral Sentiment: Broader market volatility tied to AI spending, interest rates, and growth concerns may be increasing attention on AI infrastructure names like ANET, but it is not a company-specific catalyst. Article Title
• Negative Sentiment: Recent insider selling by major shareholder Andreas Bechtolsheim may weigh on sentiment, even though the trades were made under a pre-arranged 10b5-1 plan. Article Title

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.