Clark Capital Management Group Inc. Sells 14,592 Shares of Arista Networks, Inc. $ANET

Clark Capital Management Group Inc. lessened its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 507,019 shares of the technology company’s stock after selling 14,592 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Arista Networks were worth $66,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Arista Networks in the fourth quarter worth $202,000. Bison Wealth LLC purchased a new stake in Arista Networks in the fourth quarter worth $251,000. Sivia Capital Partners LLC grew its stake in Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 3,496 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 0.4%

NYSE ANET opened at $168.48 on Wednesday. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The stock has a market cap of $212.15 billion, a P/E ratio of 57.70, a P/E/G ratio of 2.61 and a beta of 1.61. The stock’s fifty day moving average price is $156.12 and its 200-day moving average price is $140.71.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The company’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, analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the sale, the insider directly owned 111,848 shares of the company’s stock, valued at $17,664,154.64. This trade represents a 66.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 on Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total value of $384,336.00. Following the sale, the chief financial officer directly owned 64,408 shares in the company, valued at $10,112,056. This trade represents a 3.66% 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. In the last 90 days, insiders sold 2,343,747 shares of company stock valued at $380,853,419. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ANET shares. Truist Financial set a $175.00 price target on Arista Networks in a research note on Wednesday, May 6th. 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. JPMorgan Chase & Co. upped their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Susquehanna raised Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Barclays reaffirmed an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $186.47.

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.