Clark Asset Management LLC Purchases New Holdings in Arista Networks, Inc. $ANET

Clark Asset Management LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,732 shares of the technology company’s stock, valued at approximately $581,000.

Other hedge funds and other institutional investors have also bought and sold shares 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 stake in Arista Networks during the fourth quarter worth about $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the fourth quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter worth about $28,000. Finally, Quarry LP bought a new stake in Arista Networks in the third quarter worth about $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Wolfe Research restated an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price target (up from $178.00) on shares of Arista Networks in a report on Thursday. 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 research note on Monday, June 8th. Finally, Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $187.63.

Arista Networks Stock Up 0.1%

Shares of ANET opened at $169.84 on Monday. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The stock has a market cap of $213.86 billion, a PE ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61. The business’s 50-day moving average price is $158.10 and its 200-day moving average price is $141.53.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the transaction, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This trade represents a 7.59% 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 have sold a total of 2,603,747 shares of company stock valued at $423,901,619 over the last 90 days. Company insiders own 2.70% of the company’s stock.

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.