Arista Networks, Inc. $ANET Shares Sold by Allen Investment Management LLC

Allen Investment Management LLC trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 81.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 63,838 shares of the technology company’s stock after selling 280,270 shares during the quarter. Allen Investment Management LLC’s holdings in Arista Networks were worth $8,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AXQ Capital LP lifted its holdings in Arista Networks by 31.3% in the 4th quarter. AXQ Capital LP now owns 17,002 shares of the technology company’s stock worth $2,228,000 after buying an additional 4,055 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Arista Networks by 154.1% in the 4th quarter. Root Financial Partners LLC now owns 12,188 shares of the technology company’s stock worth $1,597,000 after purchasing an additional 7,391 shares during the last quarter. BNP Paribas raised its stake in shares of Arista Networks by 73.0% in the 4th quarter. BNP Paribas now owns 65,183 shares of the technology company’s stock valued at $9,001,000 after purchasing an additional 27,497 shares in the last quarter. a16z Perennial Management L.P. lifted its position in shares of Arista Networks by 2.8% during the fourth quarter. a16z Perennial Management L.P. now owns 3,276 shares of the technology company’s stock worth $429,000 after purchasing an additional 88 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in shares of Arista Networks by 3.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 48,300 shares of the technology company’s stock worth $6,329,000 after purchasing an additional 1,800 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 13,809 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the completion of the transaction, the chief financial officer directly owned 64,408 shares in the company, valued at $10,112,056. This represents a 3.66% 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. Insiders sold 1,935,142 shares of company stock worth $313,589,223 in the last ninety days. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ANET shares. JPMorgan Chase & Co. lifted their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Rosenblatt Securities increased their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on shares of Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Buy” and a consensus target price of $185.72.

Arista Networks Trading Up 7.2%

Arista Networks stock opened at $170.91 on Tuesday. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80. The stock has a market cap of $215.20 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 2.46 and a beta of 1.67. The company’s 50-day moving average price is $148.22 and its two-hundred day moving average price is $137.86.

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 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 company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’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. Research analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

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.