Apollon Wealth Management LLC Grows Stock Position in Arista Networks, Inc. $ANET

Apollon Wealth Management LLC increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 7.0% in the 1st quarter, HoldingsChannel reports. The firm owned 47,629 shares of the technology company’s stock after purchasing an additional 3,134 shares during the period. Apollon Wealth Management LLC’s holdings in Arista Networks were worth $5,848,000 as of its most recent SEC filing.

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

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 13,809 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the transaction, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at $1,537,531.68. This trade represents a 58.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total value of $384,336.00. Following the completion of the transaction, the chief financial officer directly owned 64,408 shares of the company’s stock, valued at $10,112,056. The trade was a 3.66% 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. In the last 90 days, insiders sold 2,647,080 shares of company stock worth $431,329,762. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Rosenblatt Securities raised their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Bank of America boosted their target price on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $187.63.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $164.22 on Tuesday. Arista Networks, Inc. has a one year low of $97.14 and a one year high of $179.80. The firm has a market capitalization of $206.78 billion, a P/E ratio of 56.24, a PEG ratio of 2.43 and a beta of 1.61. The company’s fifty day moving average is $159.55 and its two-hundred day moving average is $143.05.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business 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 business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, sell-side 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.