Meeder Advisory Services Inc. Has $3.82 Million Stake in Arista Networks, Inc. $ANET

Meeder Advisory Services Inc. boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,078 shares of the technology company’s stock after purchasing an additional 3,827 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Arista Networks were worth $3,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. Intrua Financial LLC raised its holdings in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares during the last quarter. NBT Bank N A NY increased its position in shares of Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares in the last quarter. Hoxton Planning & Management LLC raised its holdings in shares of Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after acquiring an additional 68 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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. Finally, Y.D. More Investments Ltd lifted its position in Arista Networks by 8.7% in the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock valued at $107,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction dated 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 sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. 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 a total of 2,786,844 shares of company stock worth $467,941,533 over the last three months. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of recent research reports. Citigroup decreased their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. UBS Group reiterated a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Finally, KeyCorp restated an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $188.95.

Arista Networks Trading Down 0.0%

Shares of Arista Networks stock opened at $168.60 on Monday. The business’s fifty day simple moving average is $161.75 and its 200 day simple moving average is $147.34. Arista Networks, Inc. has a 12 month low of $106.99 and a 12 month high of $189.82. The firm has a market capitalization of $212.30 billion, a P/E ratio of 57.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

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.