Goodman Advisory Group LLC Increases Stock Position in Arista Networks, Inc. $ANET

Goodman Advisory Group LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 99,271.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,761 shares of the technology company’s stock after buying an additional 37,723 shares during the quarter. Goodman Advisory Group LLC’s holdings in Arista Networks were worth $4,636,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the 4th quarter worth about $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks in the 4th quarter worth about $28,000. Knuff & Co LLC acquired a new position in Arista Networks in the 3rd quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Arista Networks during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’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 sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% 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 have sold 2,647,080 shares of company stock worth $431,329,762 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

Shares of ANET stock opened at $157.80 on Friday. The stock’s fifty day moving average is $159.49 and its two-hundred day moving average is $142.71. The firm has a market capitalization of $198.70 billion, a P/E ratio of 54.04, a PEG ratio of 2.43 and a beta of 1.61. Arista Networks, Inc. has a fifty-two week low of $97.14 and a fifty-two week high of $179.80.

Arista Networks (NYSE:ANET) last announced 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. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ANET shares. TD Cowen reissued a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Citigroup decreased their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.