Janney Montgomery Scott LLC Has $51.64 Million Stock Holdings in Arista Networks, Inc. $ANET

Janney Montgomery Scott LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,589 shares of the technology company’s stock after purchasing an additional 35,004 shares during the period. Janney Montgomery Scott LLC’s holdings in Arista Networks were worth $51,640,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ANET. Louisbourg Investments Inc. grew its stake in shares of Arista Networks by 10.2% in the 1st quarter. Louisbourg Investments Inc. now owns 1,295 shares of the technology company’s stock valued at $159,000 after purchasing an additional 120 shares during the period. Boomfish Wealth Group LLC lifted its position in shares of Arista Networks by 1.7% during the 1st quarter. Boomfish Wealth Group LLC now owns 24,857 shares of the technology company’s stock worth $3,052,000 after buying an additional 412 shares during the period. Caldwell Trust Co boosted its stake in Arista Networks by 6.9% in the 1st quarter. Caldwell Trust Co now owns 52,109 shares of the technology company’s stock valued at $6,398,000 after buying an additional 3,381 shares in the last quarter. AGH Wealth Advisors LLC bought a new stake in Arista Networks in the first quarter valued at $297,000. Finally, Cornerstone Wealth Group LLC boosted its stake in shares of Arista Networks by 13.7% in the 1st quarter. Cornerstone Wealth Group LLC now owns 4,749 shares of the technology company’s stock valued at $583,000 after purchasing an additional 573 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $169.09, for a total value of $1,352,720.00. Following the transaction, the director directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $2,224,345.92. This represents a 57.19% 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 have sold 2,647,080 shares of company stock worth $431,329,762 over the last 90 days. Insiders own 2.70% of the company’s stock.

Arista Networks Stock Up 0.1%

ANET stock opened at $157.80 on Monday. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80. The company has a market cap of $198.70 billion, a P/E ratio of 54.04, a PEG ratio of 2.43 and a beta of 1.61. The business has a fifty day moving average of $159.49 and a 200-day moving average of $142.81.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of recent analyst reports. Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Bank of America boosted their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Morgan Stanley restated an “overweight” rating and set a $190.00 price target (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Rosenblatt Securities raised their price target on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.