Moran Wealth Management LLC Sells 4,451 Shares of Arista Networks, Inc. $ANET

Moran Wealth Management LLC lessened its position in shares of Arista Networks, Inc. (NYSE:ANET) by 2.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 182,605 shares of the technology company’s stock after selling 4,451 shares during the quarter. Arista Networks accounts for approximately 0.7% of Moran Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Moran Wealth Management LLC’s holdings in Arista Networks were worth $22,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ANET. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks in the fourth quarter valued at $26,000. Sankala Group LLC acquired a new stake in Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the fourth quarter worth $28,000. Knuff & Co LLC bought a new stake in Arista Networks in the 3rd quarter valued at $29,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Arista Networks in the 4th quarter valued at $30,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $160.38 on Friday. The company’s fifty day moving average is $159.07 and its 200-day moving average is $143.91. Arista Networks, Inc. has a 52 week low of $100.33 and a 52 week high of $179.80. The company has a market capitalization of $201.95 billion, a PE ratio of 54.93, a P/E/G ratio of 2.47 and a beta of 1.60.

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

Analyst Ratings Changes

A number of research firms have recently commented on ANET. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a research note on Friday, May 15th. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Needham & Company LLC restated a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $187.63.

Insider Buying and Selling

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. The trade was a 7.59% 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. Insiders sold 2,639,080 shares of company stock valued at $430,322,162 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

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.