New Age Alpha Advisors LLC Increases Position in Arista Networks, Inc. $ANET

New Age Alpha Advisors LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 1,850.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,174 shares of the technology company’s stock after acquiring an additional 3,960 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Arista Networks were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. HBK Sorce Advisory LLC boosted its holdings in Arista Networks by 24.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 25,911 shares of the technology company’s stock worth $3,563,000 after acquiring an additional 5,014 shares in the last quarter. Kuhn & Co Investment Counsel boosted its holdings in Arista Networks by 5.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 1,561 shares of the technology company’s stock worth $205,000 after acquiring an additional 85 shares in the last quarter. Darden Wealth Group Inc boosted its holdings in Arista Networks by 8.7% in the fourth quarter. Darden Wealth Group Inc now owns 22,574 shares of the technology company’s stock worth $2,958,000 after acquiring an additional 1,804 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Arista Networks by 23.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,278 shares of the technology company’s stock worth $3,050,000 after acquiring an additional 4,380 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new stake in Arista Networks in the fourth quarter worth $164,907,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays reissued an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Citigroup cut their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $185.72.

Arista Networks Stock Up 0.6%

NYSE:ANET opened at $155.21 on Friday. The company’s 50 day moving average price is $147.06 and its 200-day moving average price is $137.46. Arista Networks, Inc. has a 52 week low of $83.86 and a 52 week high of $179.80. The stock has a market cap of $195.44 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company posted $0.65 earnings per share. The firm’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. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Yvonne Wassenaar sold 971 shares of the company’s stock in a transaction on 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 represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 13,809 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This trade represents a 58.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,943,142 shares of company stock valued at $314,618,583 in the last ninety days. Corporate 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.