Arista Networks, Inc. $ANET Shares Sold by Union Square Park Capital Management LLC

Union Square Park Capital Management LLC lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,000 shares of the technology company’s stock after selling 10,000 shares during the quarter. Union Square Park Capital Management LLC’s holdings in Arista Networks were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks during the fourth quarter worth approximately $26,000. Knuff & Co LLC purchased a new stake in Arista Networks during the third quarter valued at about $29,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Arista Networks in the fourth quarter worth approximately $30,000. Quarry LP bought a new position in Arista Networks during the third quarter valued at approximately $33,000. Finally, Ares Financial Consulting LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $34,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 32,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at approximately $2,119,110.56. This represents a 71.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade represents a 7.59% 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. Insiders sold 2,343,747 shares of company stock valued at $380,853,419 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ANET. Truist Financial set a $175.00 price objective on Arista Networks in a report on Wednesday, May 6th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research note on Friday, May 15th. Finally, Barclays restated an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $186.47.

Arista Networks Price Performance

Shares of ANET opened at $168.48 on Wednesday. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80. The firm has a market capitalization of $212.15 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.61. The company has a 50-day simple moving average of $156.12 and a two-hundred day simple moving average of $140.71.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion for 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 company’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current fiscal 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.