HB Wealth Management LLC Raises Stake in Arista Networks, Inc. $ANET

HB Wealth Management LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 21.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,405 shares of the technology company’s stock after acquiring an additional 7,454 shares during the quarter. HB Wealth Management LLC’s holdings in Arista Networks were worth $5,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the 4th quarter worth $202,000. Bison Wealth LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at about $251,000. Sivia Capital Partners LLC boosted its stake in shares of Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after buying an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after buying an additional 1,000 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Trading Up 0.2%

Shares of NYSE:ANET opened at $160.38 on Monday. The firm has a market cap of $201.95 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 2.47 and a beta of 1.60. The company has a fifty day simple moving average of $159.07 and a 200 day simple moving average of $144.04. Arista Networks, Inc. has a 12-month low of $100.33 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last posted 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 firm had revenue of $2.71 billion for 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 firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm 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.

Analyst Upgrades and Downgrades

ANET has been the subject of several research reports. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Rosenblatt Securities lifted their price target on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, UBS Group reaffirmed a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $187.63.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction dated Monday, June 15th. The shares were 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 approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 dated 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 transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This trade 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 have sold 2,639,080 shares of company stock worth $430,322,162 in the last ninety days. 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.