Arista Networks, Inc. $ANET Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 48.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,920 shares of the technology company’s stock after selling 4,676 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Arista Networks were worth $604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Knuff & Co LLC purchased a new position in shares of Arista Networks in the 3rd quarter valued at $29,000. Board of the Pension Protection Fund purchased a new stake in Arista Networks in the fourth quarter valued at $26,000. Sankala Group LLC purchased a new stake in Arista Networks in the fourth quarter valued at $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks in the fourth quarter valued at $28,000. Finally, Quarry LP acquired a new position in Arista Networks in the third quarter valued at $33,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Up 3.7%

Shares of ANET stock opened at $170.20 on Wednesday. The business’s 50 day moving average is $159.67 and its two-hundred day moving average is $143.32. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80. The company has a market capitalization of $214.31 billion, a P/E ratio of 58.29, a price-to-earnings-growth ratio of 2.53 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 (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 business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

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 value 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 filing with the SEC, 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 transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their position. 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 a total of 2,639,080 shares of company stock worth $430,322,162 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ANET shares. UBS Group reiterated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. TD Cowen reiterated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Truist Financial set a $175.00 price objective on Arista Networks in a 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 assigned a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus price target of $187.63.

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.