Telligent Fund LP Sells 13,000 Shares of Arista Networks, Inc. $ANET

Telligent Fund LP trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 37.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,000 shares of the technology company’s stock after selling 13,000 shares during the quarter. Arista Networks makes up 2.9% of Telligent Fund LP’s portfolio, making the stock its 14th biggest position. Telligent Fund LP’s holdings in Arista Networks were worth $2,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ANET. Brighton Jones LLC raised its holdings in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Arista Networks during the 4th quarter valued at about $202,000. Bison Wealth LLC purchased a new position in Arista Networks during the 4th quarter valued at about $251,000. Sivia Capital Partners LLC raised its holdings in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the transaction, the insider owned 182,043,048 shares in the company, valued at approximately $29,612,942,618.16. This represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the completion of the transaction, the director owned 192,333 shares of the company’s stock, valued at approximately $32,131,150.98. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,264,983 shares of company stock valued at $376,175,065. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ANET has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Monday, July 13th. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Barclays reaffirmed an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $188.95.

Arista Networks News Roundup

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista launched AI-driven Edge Threat Management for VeloCloud SD-WAN, expanding beyond data center networking into branch-office security and potentially opening a new growth avenue. Arista Networks (ANET) Launches AI Driven Zero Trust Security For Branch Offices
• Positive Sentiment: Arista is being highlighted as a stock that could beat Q2 earnings estimates again, supported by strong AI and cloud demand trends. Will Arista Networks (ANET) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Another earnings-preview piece also names Arista among software and tech names that may beat estimates this season, reinforcing upbeat sentiment ahead of results. 4 Software Stocks Likely to Beat Estimates This Earnings Season
• Neutral Sentiment: Recent articles noting Arista as a trending stock and comparing its performance to peers suggest heightened investor interest, but do not add a new fundamental catalyst. Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
• Neutral Sentiment: A Trefis article argues Arista is making a big growth bet by building inventory and cutting buybacks, which could support future demand but also raises execution risk. How Much Upside Can ANET Stock’s Growth Deliver?

Arista Networks Stock Up 3.0%

Shares of ANET opened at $174.37 on Wednesday. The company has a market cap of $219.57 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $106.99 and a twelve month high of $189.82. The company has a 50 day moving average of $163.04 and a two-hundred day moving average of $147.91.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 3.28 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.