Arista Networks, Inc. $ANET Shares Acquired by Inspire Investing LLC

Inspire Investing LLC raised its position in Arista Networks, Inc. (NYSE:ANET) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,882 shares of the technology company’s stock after acquiring an additional 14,111 shares during the quarter. Arista Networks makes up approximately 1.3% of Inspire Investing LLC’s portfolio, making the stock its 6th biggest position. Inspire Investing LLC’s holdings in Arista Networks were worth $16,315,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Intrua Financial LLC increased its holdings in Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after purchasing an additional 61 shares during the period. EWA LLC boosted its stake in shares of Arista Networks by 17.8% in the 1st quarter. EWA LLC now owns 4,979 shares of the technology company’s stock valued at $611,000 after buying an additional 752 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Arista Networks by 7.7% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 523,941 shares of the technology company’s stock valued at $64,329,000 after buying an additional 37,574 shares during the period. Bigelow Investment Advisors LLC grew its position in shares of Arista Networks by 3.3% during the first quarter. Bigelow Investment Advisors LLC now owns 9,258 shares of the technology company’s stock worth $1,137,000 after buying an additional 296 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in shares of Arista Networks during the first quarter worth approximately $212,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

ANET has been the subject of a number of recent research reports. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus price target of $187.63.

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 17,333 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $171.42, for a total value of $2,971,222.86. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $2,224,345.92. This represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total value of $384,336.00. Following the transaction, the chief financial officer directly owned 64,408 shares in the company, valued at approximately $10,112,056. The trade was a 3.66% 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 2,647,080 shares of company stock valued at $431,329,762 over the last quarter. 2.70% of the stock is owned by corporate insiders.

Arista Networks Trading Up 4.2%

Shares of NYSE:ANET opened at $164.22 on Tuesday. The company has a market capitalization of $206.78 billion, a PE ratio of 56.24, a P/E/G ratio of 2.43 and a beta of 1.61. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80. The firm has a 50 day simple moving average of $159.55 and a 200-day simple moving average of $143.05.

Arista Networks (NYSE:ANET) last issued its 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. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The company’s revenue for the quarter 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, equities research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

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.