Arista Networks, Inc. $ANET Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in shares of Arista Networks, Inc. (NYSE:ANET) by 19.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 61,584 shares of the technology company’s stock after selling 14,918 shares during the quarter. Private Advisor Group LLC’s holdings in Arista Networks were worth $7,561,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks in the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks in the fourth quarter valued at approximately $28,000. Knuff & Co LLC acquired a new position in Arista Networks in the third quarter valued at approximately $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Arista Networks in the fourth quarter worth approximately $30,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Trading Down 5.1%

NYSE:ANET traded down $8.87 during midday trading on Tuesday, reaching $164.41. The company had a trading volume of 1,261,135 shares, compared to its average volume of 8,700,798. The firm has a market capitalization of $207.02 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 2.47 and a beta of 1.60. The stock’s fifty day simple moving average is $159.07 and its 200-day simple moving average is $144.04. Arista Networks, Inc. has a 12-month low of $100.94 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity

In other news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value 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 SEC, which can be accessed through this link. 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 that occurred on Monday, June 15th. The stock was 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. Over the last ninety days, insiders have sold 2,907,080 shares of company stock valued at $474,355,842. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ANET shares. KeyCorp reissued an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Rosenblatt Securities raised their price objective on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.