Arista Networks, Inc. $ANET Shares Sold by Root Financial Partners LLC

Root Financial Partners LLC trimmed its stake in Arista Networks, Inc. (NYSE:ANET) by 41.8% in the first quarter, Holdings Channel.com reports. The firm owned 7,091 shares of the technology company’s stock after selling 5,097 shares during the quarter. Root Financial Partners LLC’s holdings in Arista Networks were worth $871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANET. Vanguard Group Inc. raised its stake in Arista Networks by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the period. State Street Corp grew its stake in shares of Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after buying an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Arista Networks by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after buying an additional 380,724 shares during the period. Geode Capital Management LLC increased its holdings in shares of Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after buying an additional 477,625 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Arista Networks during the 4th quarter worth $1,558,563,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANET. Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, June 10th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $187.63.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction that occurred 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 directly 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 position. The transaction was disclosed in a legal 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 13,809 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the transaction, the chief executive officer owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This represents a 58.20% 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. In the last quarter, insiders sold 2,639,080 shares of company stock worth $430,322,162. Insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 1.8%

Shares of NYSE ANET opened at $166.78 on Thursday. Arista Networks, Inc. has a 12-month low of $97.14 and a 12-month high of $179.80. 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. The stock has a fifty day moving average price of $159.67 and a 200 day moving average price of $143.55.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company 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 forecast 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.