Madison Asset Management LLC Trims Position in Arista Networks, Inc. $ANET

Madison Asset Management LLC trimmed its stake in Arista Networks, Inc. (NYSE:ANET) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 712,155 shares of the technology company’s stock after selling 16,403 shares during the period. Arista Networks accounts for about 1.1% of Madison Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Madison Asset Management LLC’s holdings in Arista Networks were worth $93,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Global Trust Asset Management LLC grew its position in shares of Arista Networks by 33.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 19,273 shares of the technology company’s stock worth $2,808,000 after buying an additional 4,780 shares during the period. Rakuten Investment Management Inc. bought a new stake in Arista Networks during the third quarter worth about $8,263,000. Lighthouse Financial Services Inc. ADV purchased a new stake in Arista Networks in the fourth quarter worth about $1,549,000. National Wealth Management Group LLC bought a new position in shares of Arista Networks during the third quarter valued at approximately $1,296,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after purchasing an additional 10,217 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Yvonne Wassenaar sold 1,395 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $153.07, for a total value of $213,532.65. Following the transaction, the director directly owned 9,784 shares of the company’s stock, valued at approximately $1,497,636.88. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% 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. Insiders have sold a total of 1,502,729 shares of company stock valued at $246,707,719 in the last three months. 3.54% of the stock is currently owned by insiders.

Arista Networks Trading Up 4.5%

NYSE ANET opened at $142.60 on Wednesday. Arista Networks, Inc. has a 12 month low of $83.86 and a 12 month high of $179.80. The stock has a market cap of $179.56 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.15 and a beta of 1.67. The company’s 50 day moving average is $143.74 and its two-hundred day moving average is $137.75.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts forecast that Arista Networks, Inc. will post 3.2 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ANET shares. KeyCorp restated an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. UBS Group reiterated a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Citigroup dropped their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Evercore restated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a research note on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $182.83.

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.