Caldwell Trust Co Buys 3,381 Shares of Arista Networks, Inc. $ANET

Caldwell Trust Co raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 6.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,109 shares of the technology company’s stock after buying an additional 3,381 shares during the quarter. Caldwell Trust Co’s holdings in Arista Networks were worth $6,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Board of the Pension Protection Fund bought a new stake in Arista Networks in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the 4th quarter valued at $28,000. Knuff & Co LLC bought a new stake in Arista Networks in the 3rd quarter valued at $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Arista Networks in the 4th quarter worth $30,000. 82.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a report on Friday, May 15th. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Finally, TD Cowen restated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $187.63.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s 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 transaction, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,647,080 shares of company stock valued at $431,329,762 over the last three months. Insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 4.6%

Shares of ANET stock opened at $157.80 on Friday. The firm’s fifty day moving average price is $159.49 and its two-hundred day moving average price is $142.71. Arista Networks, Inc. has a 1 year low of $97.14 and a 1 year high of $179.80. The firm has a market capitalization of $198.70 billion, a P/E ratio of 54.04, a PEG ratio of 2.43 and a beta of 1.61.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

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.