24,086 Shares in Arista Networks, Inc. $ANET Acquired by Baugh & Associates LLC

Baugh & Associates LLC bought a new stake in Arista Networks, Inc. (NYSE:ANET) during the first quarter, HoldingsChannel reports. The institutional investor bought 24,086 shares of the technology company’s stock, valued at approximately $2,957,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks during the fourth quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in Arista Networks during the fourth quarter worth approximately $251,000. Sivia Capital Partners LLC boosted its position in Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in 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 acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

ANET has been the subject of several analyst reports. UBS Group reiterated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. TD Cowen restated a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Weiss Ratings downgraded Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price on shares of 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Arista Networks has an average rating of “Buy” and a consensus price target of $187.63.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the transaction, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% 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 a total of 2,603,747 shares of company stock worth $423,901,619 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Stock Up 0.1%

NYSE:ANET opened at $169.84 on Monday. The company has a market cap of $213.86 billion, a P/E ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61. Arista Networks, Inc. has a fifty-two week low of $85.58 and a fifty-two week high of $179.80. The firm’s 50 day moving average is $158.10 and its two-hundred day moving average is $141.53.

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 company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $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. Research analysts forecast 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.