Sienna Gestion Boosts Holdings in Arista Networks, Inc. $ANET

Sienna Gestion lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 130,532 shares of the technology company’s stock after buying an additional 3,043 shares during the quarter. Arista Networks makes up approximately 1.0% of Sienna Gestion’s holdings, making the stock its 20th biggest holding. Sienna Gestion’s holdings in Arista Networks were worth $17,202,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $202,000. Bison Wealth LLC purchased a new stake in shares of Arista Networks during the fourth quarter worth $251,000. Sivia Capital Partners LLC raised its stake in shares of Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Arista Networks by 31.3% in the second 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 period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on ANET shares. Morgan Stanley reissued an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a research note on Friday. Truist Financial set a $175.00 target price on Arista Networks in a research note on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $186.47.

Insider Buying and Selling at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total transaction of $61,797.68. Following the completion of the sale, the director directly owned 10,078 shares of the company’s stock, valued at approximately $1,475,822.32. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Arista Networks stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the sale, the chief executive officer directly 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 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. In the last quarter, insiders sold 2,343,747 shares of company stock worth $380,853,419. 2.70% of the stock is currently owned by company insiders.

Arista Networks Trading Up 3.7%

Arista Networks stock opened at $169.20 on Tuesday. The stock has a market cap of $213.06 billion, a P/E ratio of 57.94, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company has a fifty day simple moving average of $155.28 and a 200-day simple moving average of $140.43. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

About Arista Networks

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.