Up Capital Management Inc. Acquires New Holdings in Arista Networks, Inc. $ANET

Up Capital Management Inc. bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 39,193 shares of the technology company’s stock, valued at approximately $5,135,000. Arista Networks makes up about 4.6% of Up Capital Management Inc.’s portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in shares of Arista Networks in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks during the 4th quarter worth approximately $28,000. Knuff & Co LLC acquired a new position in shares of Arista Networks during the 3rd quarter worth approximately $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing 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, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. The trade was a 0.14% 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 ninety days, insiders have sold 2,603,747 shares of company stock worth $423,901,619. 2.70% of the stock is currently owned by insiders.

Arista Networks Price Performance

NYSE ANET opened at $169.84 on Friday. The company has a market cap of $213.86 billion, a P/E ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The company has a 50-day moving average of $158.10 and a 200-day moving average of $141.44.

Arista Networks (NYSE:ANET) last released its earnings results 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 business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ANET. Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. UBS Group restated 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. Barclays reaffirmed an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Finally, TD Cowen reissued a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.