Moran Wealth Management LLC Has $22.42 Million Position in Arista Networks, Inc. $ANET

Moran Wealth Management LLC lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 182,605 shares of the technology company’s stock after selling 4,451 shares during the quarter. Arista Networks accounts for about 0.7% of Moran Wealth Management LLC’s holdings, making the stock its 27th biggest position. Moran Wealth Management LLC’s holdings in Arista Networks were worth $22,420,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks during the 4th quarter valued at $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the fourth quarter valued at $28,000. Knuff & Co LLC purchased a new position in Arista Networks in the third quarter valued at about $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Arista Networks in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE ANET opened at $160.38 on Friday. The stock has a 50-day simple moving average of $159.07 and a 200 day simple moving average of $143.91. Arista Networks, Inc. has a twelve month low of $100.33 and a twelve month high of $179.80. The stock has a market capitalization of $201.95 billion, a PE ratio of 54.93, a P/E/G ratio of 2.47 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $169.09, for a total transaction of $1,352,720.00. Following the completion of the sale, the director directly owned 200,333 shares of the company’s stock, valued at approximately $33,874,306.97. This trade represents a 3.84% 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 2,639,080 shares of company stock valued at $430,322,162 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ANET has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Citigroup dropped their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Bank of America raised their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Wolfe Research reissued an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $187.63.

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.