First United Bank & Trust Sells 11,602 Shares of Arista Networks, Inc. $ANET

First United Bank & Trust reduced its stake in Arista Networks, Inc. (NYSE:ANET) by 29.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,872 shares of the technology company’s stock after selling 11,602 shares during the period. Arista Networks accounts for 1.1% of First United Bank & Trust’s holdings, making the stock its 23rd biggest holding. First United Bank & Trust’s holdings in Arista Networks were worth $3,422,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on ANET shares. Rosenblatt Securities boosted their price objective on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Piper Sandler reissued an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Two equities research 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. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Down 4.6%

ANET opened at $157.80 on Friday. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80. The company’s 50-day moving average price is $159.49 and its two-hundred day moving average price is $142.71. The stock has a market cap of $198.70 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 2.55 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued its quarterly 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. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This 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. Over the last three months, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. 2.70% of the stock is owned by corporate insiders.

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.