Fulton Bank N.A. Has $3.55 Million Stake in Arista Networks, Inc. $ANET

Fulton Bank N.A. raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 37.0% during the first quarter, HoldingsChannel.com reports. The fund owned 28,937 shares of the technology company’s stock after buying an additional 7,809 shares during the quarter. Fulton Bank N.A.’s holdings in Arista Networks were worth $3,553,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Intrua Financial LLC boosted its stake 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 acquiring an additional 61 shares in the last quarter. Hoxton Planning & Management LLC increased its stake in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after purchasing an additional 68 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Arista Networks by 0.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after purchasing an additional 70 shares during the last quarter. United Asset Strategies Inc. lifted its holdings in shares of Arista Networks by 1.2% during the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after purchasing an additional 72 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its position in shares of Arista Networks by 3.2% in the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after purchasing an additional 76 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Wolfe Research reiterated an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Bank of America increased their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Two investment 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 data from MarketBeat, Arista Networks presently has an average rating of “Buy” and a consensus target price of $187.63.

Arista Networks Trading Down 1.8%

ANET stock opened at $166.78 on Thursday. The stock has a market capitalization of $210.00 billion, a PE ratio of 57.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $97.14 and a 12-month high of $179.80. The stock’s 50 day simple moving average is $159.67 and its 200 day simple moving average is $143.55.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s quarterly revenue 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. On average, research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the company’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the insider directly owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. The trade was a 0.14% 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. In the last three months, insiders sold 2,639,080 shares of company stock valued at $430,322,162. 2.70% of the stock is owned by insiders.

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.