Arista Networks, Inc. $ANET Position Trimmed by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 19.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,764 shares of the technology company’s stock after selling 39,800 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Arista Networks were worth $20,107,000 as of its most recent SEC filing.

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

Arista Networks Trading Down 4.6%

Shares of NYSE ANET opened at $157.80 on Friday. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80. The firm has a 50-day moving average of $159.49 and a two-hundred day moving average of $142.71. The company has a market capitalization of $198.70 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 2.43 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction 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 sale, the insider directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. 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 sold 2,647,080 shares of company stock worth $431,329,762 in the last ninety days. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Barclays reiterated an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. TD Cowen reiterated a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $187.63.

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.