ABN AMRO Bank N.V. Sells 6,029 Shares of Arista Networks, Inc. $ANET

ABN AMRO Bank N.V. lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 21.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,447 shares of the technology company’s stock after selling 6,029 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Arista Networks were worth $2,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ANET. Brighton Jones LLC grew its stake in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Arista Networks during the 4th quarter valued at about $202,000. Bison Wealth LLC bought a new position in Arista Networks during the 4th quarter valued at approximately $251,000. Sivia Capital Partners LLC raised its position in Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after buying an additional 1,000 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 3.7%

ANET opened at $136.51 on Tuesday. The company has a market cap of $171.90 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67. The stock has a fifty day simple moving average of $143.55 and a two-hundred day simple moving average of $137.77. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last announced its earnings results 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 analysts’ expectations 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 quarter in the previous year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts predict that Arista Networks, Inc. will post 3.18 EPS for the current year.

Insider Buying and Selling at Arista Networks

In related news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total transaction of $1,378,127.80. Following the sale, the chief financial officer owned 60,734 shares of the company’s stock, valued at $9,414,984.68. The trade was a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $175.40, for a total value of $1,403,200.00. Following the completion of the sale, the director owned 208,333 shares in the company, valued at $36,541,608.20. The trade was a 3.70% 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. Insiders have sold a total of 1,502,729 shares of company stock valued at $246,707,719 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ANET shares. UBS Group reiterated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Wells Fargo & Company raised their price target on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Evercore reiterated an “outperform” rating and issued a $200.00 price target on shares of Arista Networks in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Barclays restated an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $182.83.

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.