Spartan Wealth Advisory Services LLC Makes New $12.56 Million Investment in Arista Networks, Inc. $ANET

Spartan Wealth Advisory Services LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the first quarter, Holdings Channel.com reports. The fund purchased 102,265 shares of the technology company’s stock, valued at approximately $12,556,000. Arista Networks comprises about 1.1% of Spartan Wealth Advisory Services LLC’s portfolio, making the stock its 18th largest position.

Several other hedge funds have also recently modified their holdings of ANET. Norges Bank purchased a new position in shares of Arista Networks in the 4th quarter valued at approximately $1,558,563,000. M&T Bank Corp grew its position in Arista Networks by 3,182.7% during the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after purchasing an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. grew its position in Arista Networks by 59.3% during the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after purchasing an additional 2,934,098 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Arista Networks by 86.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock valued at $520,168,000 after purchasing an additional 1,960,829 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Arista Networks during the 4th quarter valued at approximately $198,285,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total value of $39,040,800.00. Following the completion of the transaction, the insider owned 182,043,048 shares of the company’s stock, valued at $29,612,942,618.16. The trade was a 0.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the completion of the sale, the director owned 192,333 shares in the company, valued at $32,131,150.98. The trade was a 3.99% 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 sold a total of 3,092,983 shares of company stock valued at $519,161,650 over the last quarter. 2.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ANET has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. Finally, Wolfe Research reiterated an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $188.95.

Arista Networks Trading Up 0.0%

Shares of NYSE ANET opened at $168.60 on Friday. The company has a 50 day simple moving average of $161.75 and a two-hundred day simple moving average of $147.25. The stock has a market cap of $212.30 billion, a price-to-earnings ratio of 57.74, a PEG ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $106.99 and a 12 month high of $189.82.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’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. Analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current 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.