Clark Asset Management LLC Makes New $581,000 Investment in Arista Networks, Inc. $ANET

Clark Asset Management LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the first quarter, Holdings Channel reports. The fund purchased 4,732 shares of the technology company’s stock, valued at approximately $581,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC purchased a new position in shares of Arista Networks in the 4th quarter worth about $251,000. Sivia Capital Partners LLC boosted its holdings in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Arista Networks by 31.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $169.84 on Monday. The firm has a market cap of $213.86 billion, a P/E ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61. Arista Networks, Inc. has a fifty-two week low of $85.58 and a fifty-two week high of $179.80. The business’s 50 day moving average price is $158.10 and its 200-day moving average price is $141.53.

Arista Networks (NYSE:ANET) last announced 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. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $190.00 price target (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. TD Cowen reissued a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks has an average rating of “Buy” and an average target price of $187.63.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was 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 owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 2,603,747 shares of company stock worth $423,901,619. Insiders own 2.70% of the company’s stock.

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.