Arvest Bank Trust Division Boosts Stake in Arista Networks, Inc. $ANET

Arvest Bank Trust Division lifted its position in Arista Networks, Inc. (NYSE:ANET) by 1,587.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,037 shares of the technology company’s stock after purchasing an additional 60,243 shares during the quarter. Arvest Bank Trust Division’s holdings in Arista Networks were worth $8,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Knuff & Co LLC purchased a new position in shares of Arista Networks in the 3rd quarter worth about $29,000. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks in the 4th quarter worth about $26,000. Quarry LP purchased a new position in shares of Arista Networks in the 3rd quarter worth about $33,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks in the 4th quarter worth about $30,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Arista Networks in the 4th quarter worth about $34,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup cut their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their price objective on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, UBS Group reiterated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $181.84.

Arista Networks Trading Up 2.7%

NYSE ANET opened at $158.21 on Wednesday. Arista Networks, Inc. has a 1-year low of $83.86 and a 1-year high of $179.80. The stock has a 50-day moving average of $146.24 and a 200-day moving average of $137.17. The firm has a market cap of $199.22 billion, a PE ratio of 54.18, a price-to-earnings-growth ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share 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 company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 EPS. Arista Networks’s revenue for the quarter 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 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Kelly Bodnar Battles sold 422 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the completion of the sale, the director owned 10,078 shares of the company’s stock, valued at approximately $1,475,822.32. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 971 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $140.93, for a total value of $136,843.03. Following the completion of the sale, the director directly owned 9,784 shares of the company’s stock, valued at approximately $1,378,859.12. This trade represents a 9.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,501,885 shares of company stock worth $246,477,400 in the last 90 days. 2.70% of the stock is currently owned by company 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.