Arista Networks, Inc. $ANET Holdings Reduced by WD Rutherford LLC

WD Rutherford LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 8.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,105 shares of the technology company’s stock after selling 4,720 shares during the period. Arista Networks makes up approximately 2.7% of WD Rutherford LLC’s portfolio, making the stock its 4th biggest holding. WD Rutherford LLC’s holdings in Arista Networks were worth $6,152,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Board of the Pension Protection Fund acquired a new stake in Arista Networks during the fourth quarter worth about $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks in the 4th quarter valued at $28,000. Knuff & Co LLC acquired a new position in shares of Arista Networks in the 3rd quarter valued at $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks during the fourth quarter worth $30,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Morgan Stanley restated an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $187.63.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’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 transaction, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 on 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 completion of the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. 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 2,639,080 shares of company stock worth $430,322,162 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 1.8%

NYSE:ANET opened at $166.78 on Thursday. The company has a market cap of $210.00 billion, a P/E ratio of 57.12, a P/E/G ratio of 2.62 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 company’s 50-day moving average price is $159.67 and its 200-day moving average price is $143.55.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data 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 company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current 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.