Advocacy Wealth Management LLC Has $13.10 Million Stake in Arista Networks, Inc. $ANET

Advocacy Wealth Management LLC increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 21.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 99,956 shares of the technology company’s stock after purchasing an additional 17,374 shares during the quarter. Advocacy Wealth Management LLC’s holdings in Arista Networks were worth $13,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $251,000. Sivia Capital Partners LLC boosted its position in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,000 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ANET. Bank of America upped their price objective on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a report on Monday. Evercore reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Arista Networks in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and issued a $180.00 target price on shares of Arista Networks in a report on Friday, May 1st. Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Citigroup dropped their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus price target of $186.47.

Insider Buying and Selling

In other news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total value of $384,336.00. Following the sale, the chief financial officer directly owned 64,408 shares in the company, valued at $10,112,056. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Arista Networks stock in a transaction that occurred 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 owned 200,333 shares in the company, valued at $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 sold 2,183,142 shares of company stock valued at $354,076,343 over the last ninety days. Insiders own 2.70% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $156.32 on Tuesday. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The firm’s 50 day moving average price is $151.65 and its two-hundred day moving average price is $139.13. The firm has a market cap of $196.83 billion, a P/E ratio of 53.53, a PEG ratio of 2.38 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its quarterly 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 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 previous year, the firm posted $0.65 earnings per share. The business’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. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal 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.