Arista Networks, Inc. $ANET Shares Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 72.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,857 shares of the technology company’s stock after buying an additional 4,546 shares during the quarter. United Asset Strategies Inc.’s holdings in Arista Networks were worth $1,333,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Clare Market Investments LLC bought a new stake in Arista Networks in the first quarter valued at $2,856,000. Westfuller Advisors LLC boosted its holdings in shares of Arista Networks by 14.7% during the first quarter. Westfuller Advisors LLC now owns 632 shares of the technology company’s stock valued at $78,000 after acquiring an additional 81 shares during the period. Kathmere Capital Management LLC grew its position in shares of Arista Networks by 7.1% during the first quarter. Kathmere Capital Management LLC now owns 6,019 shares of the technology company’s stock worth $739,000 after acquiring an additional 399 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Arista Networks by 7.0% in the 1st quarter. Whittier Trust Co. now owns 4,736 shares of the technology company’s stock worth $598,000 after acquiring an additional 310 shares during the period. Finally, Bogart Wealth LLC increased its holdings in shares of Arista Networks by 77.1% in the 1st quarter. Bogart Wealth LLC now owns 634 shares of the technology company’s stock worth $78,000 after acquiring an additional 276 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% 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 sold 2,907,080 shares of company stock valued at $474,355,842 over the last quarter. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. TD Cowen restated a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks has an average rating of “Buy” and a consensus price target of $187.63.

Arista Networks Trading Down 3.9%

ANET stock traded down $6.76 during trading on Tuesday, hitting $166.52. The company had a trading volume of 2,523,540 shares, compared to its average volume of 8,711,942. The business has a 50 day moving average of $159.07 and a 200 day moving average of $144.04. The firm has a market capitalization of $209.68 billion, a price-to-earnings ratio of 57.02, a P/E/G ratio of 2.47 and a beta of 1.60. Arista Networks, Inc. has a fifty-two week low of $100.94 and a fifty-two week high of $179.80.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating 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 firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company earned $0.65 EPS. Arista Networks’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 analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current year.

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.