ABN AMRO Bank N.V. Sells 4,892 Shares of Arista Networks, Inc. $ANET

ABN AMRO Bank N.V. trimmed its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 21.8% in the 1st quarter, Holdings Channel reports. The firm owned 17,555 shares of the technology company’s stock after selling 4,892 shares during the period. ABN AMRO Bank N.V.’s holdings in Arista Networks were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the 4th quarter valued at about $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks during the fourth quarter valued at approximately $28,000. Knuff & Co LLC bought a new position in Arista Networks in the third quarter worth approximately $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks during the 4th quarter worth $30,000. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Citigroup lowered their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Susquehanna raised Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Rosenblatt Securities upped their price target on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note 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 company. According to MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average price target of $187.63.

Arista Networks Stock Performance

ANET opened at $157.80 on Monday. The stock has a market cap of $198.70 billion, a price-to-earnings ratio of 54.04, a price-to-earnings-growth ratio of 2.43 and a beta of 1.61. The firm’s fifty day moving average is $159.49 and its 200 day moving average is $142.81. Arista Networks, Inc. has a fifty-two week low of $97.14 and a fifty-two week high of $179.80.

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

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction dated 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 sale, 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred 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 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. In the last ninety days, insiders sold 2,647,080 shares of company stock valued at $431,329,762. Corporate 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.