Arista Networks, Inc. $ANET Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 6.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 111,441 shares of the technology company’s stock after acquiring an additional 6,408 shares during the period. Kestra Private Wealth Services LLC’s holdings in Arista Networks were worth $13,683,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ANET. Lighthouse Financial Services Inc. ADV acquired a new position in shares of Arista Networks in the 4th quarter valued at $1,549,000. Bensler LLC acquired a new stake in Arista Networks during the 4th quarter worth $6,350,000. QRG Capital Management Inc. raised its stake in Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after acquiring an additional 10,217 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after acquiring an additional 6,591 shares during the last quarter. Finally, Reaves W H & Co. Inc. purchased a new stake in Arista Networks in the fourth quarter valued at $3,058,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE ANET opened at $161.69 on Thursday. The stock has a fifty day moving average price of $159.19 and a 200 day moving average price of $142.35. Arista Networks, Inc. has a 1-year low of $94.50 and a 1-year high of $179.80. The company has a market cap of $203.60 billion, a PE ratio of 55.37, a P/E/G ratio of 2.50 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. The company 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%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Key Stories Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista unveiled new 1.6-terabit networking platforms as demand for 800-gig deployments continues to build, reinforcing its position in AI and cloud data-center networking. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: Analyst commentary highlighted Arista as a beneficiary of pricing power and AI networking expansion, which supports the bull case for revenue growth. The Zacks Analyst Blog Highlights Micron, The Coca-Cola, Arista Networks and Where Food Comes From
• Neutral Sentiment: Wall Street coverage remains broadly favorable, with analysts still viewing ANET as a good investment, though this is more a sentiment check than a new catalyst. Wall Street Analysts Think Arista Networks (ANET) Is a Good Investment: Is It?
• Negative Sentiment: Insider Kenneth Duda sold shares in two reported transactions, including a sizable block sale, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 plan. SEC filing for insider sale
• Negative Sentiment: Recent trading showed ANET underperforming peers and falling sharply versus the prior session, signaling near-term momentum weakness. Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. KeyCorp reissued an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Finally, Citigroup dropped their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $187.63.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $169.09, for a total transaction of $1,352,720.00. Following the transaction, the director directly owned 200,333 shares in the company, valued at $33,874,306.97. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the transaction, the chief financial officer directly owned 64,408 shares of the company’s stock, valued at $10,112,056. This represents a 3.66% decrease in their ownership of the stock. 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. Over the last quarter, insiders have 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.