Empirical Asset Management LLC Trims Stock Position in Arista Networks, Inc. $ANET

Empirical Asset Management LLC cut its holdings in Arista Networks, Inc. (NYSE:ANET) by 29.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,372 shares of the technology company’s stock after selling 3,820 shares during the period. Empirical Asset Management LLC’s holdings in Arista Networks were worth $1,592,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Lighthouse Financial Services Inc. ADV acquired a new stake in Arista Networks in the 4th quarter valued at approximately $1,549,000. Bensler LLC acquired a new position in Arista Networks during the fourth quarter worth $6,350,000. QRG Capital Management Inc. boosted its position in shares of Arista Networks by 6.4% during 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 during the period. Reaves W H & Co. Inc. acquired a new stake in shares of Arista Networks in the fourth quarter valued at $3,058,000. Finally, Jefferies Financial Group Inc. grew its stake in shares of 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 buying an additional 6,591 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the sale, the insider directly owned 462,400 shares of the company’s stock, valued at approximately $78,843,824. The trade was a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $5,203,250. The trade was a 95.82% decrease in their position. 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 90 days, insiders sold 4,334,197 shares of company stock valued at $798,500,786. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ANET has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. KeyCorp reaffirmed an “overweight” rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus price target of $226.05.

Arista Networks Stock Performance

Shares of ANET opened at $192.61 on Wednesday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The stock has a market capitalization of $242.93 billion, a PE ratio of 60.76, a PEG ratio of 2.06 and a beta of 1.60. The stock has a 50-day simple moving average of $175.81 and a 200-day simple moving average of $155.48.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current year.

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.