Clearwave Capital LLC Invests $2.56 Million in Arista Networks, Inc. $ANET

Clearwave Capital LLC acquired a new position in Arista Networks, Inc. (NYSE:ANET) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 19,512 shares of the technology company’s stock, valued at approximately $2,557,000. Arista Networks accounts for approximately 1.9% of Clearwave Capital LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors also recently bought and sold shares of ANET. Whittier Trust Co. of Nevada Inc. grew its position in shares of Arista Networks by 0.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after buying an additional 70 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after acquiring an additional 72 shares in the last quarter. West Family Investments Inc. raised its holdings in shares of Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 76 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in Arista Networks by 3.2% in the fourth quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after acquiring an additional 76 shares during the period. Finally, Clark Financial Services Group Inc. BD lifted its stake in Arista Networks by 2.2% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock worth $518,000 after acquiring an additional 80 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a report on Friday, May 15th. JPMorgan Chase & Co. boosted their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Truist Financial set a $175.00 price target on Arista Networks in a research 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 given a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Up 0.1%

NYSE:ANET opened at $169.84 on Friday. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80. The stock’s 50-day moving average price is $158.10 and its 200-day moving average price is $141.44. The stock has a market capitalization of $213.86 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced 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 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. Sell-side analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the transaction, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $169.09, for a total value of $1,352,720.00. Following the completion of the transaction, the director owned 200,333 shares in the company, valued at approximately $33,874,306.97. This trade represents a 3.84% decrease in their position. 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 a total of 2,603,747 shares of company stock worth $423,901,619 in the last quarter. 2.70% of the stock is owned by 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.