Strs Ohio Reduces Stock Position in Arista Networks, Inc. $ANET

Strs Ohio reduced its position in shares of Arista Networks, Inc. (NYSE:ANET) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 718,248 shares of the technology company’s stock after selling 46,626 shares during the period. Strs Ohio’s holdings in Arista Networks were worth $88,186,000 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 bought a new stake in Arista Networks in the fourth quarter valued at $1,549,000. Bensler LLC purchased a new position in shares of Arista Networks during the fourth quarter valued at about $6,350,000. QRG Capital Management Inc. raised its stake in Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after buying an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. purchased a new stake in Arista Networks in the fourth quarter worth about $3,058,000. Finally, Jefferies Financial Group Inc. boosted its position in Arista Networks by 59.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction on Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the completion of the sale, the director owned 200,333 shares of the company’s stock, valued at approximately $33,874,306.97. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 business’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 completion of the transaction, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This represents a 0.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,639,080 shares of company stock worth $430,322,162. Insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 3.7%

Shares of NYSE:ANET opened at $160.38 on Friday. The stock has a fifty day simple moving average of $159.42 and a two-hundred day simple moving average of $143.80. Arista Networks, Inc. has a 12-month low of $100.33 and a 12-month high of $179.80. The stock has a market capitalization of $201.95 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.57 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s 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 predict that Arista Networks, Inc. will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

ANET has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Rosenblatt Securities increased their price target on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, UBS Group reissued a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $187.63.

Arista Networks Company 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.