Prospera Financial Services Inc Reduces Position in Arista Networks, Inc. $ANET

Prospera Financial Services Inc decreased its position in Arista Networks, Inc. (NYSE:ANET) by 35.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,146 shares of the technology company’s stock after selling 9,498 shares during the period. Prospera Financial Services Inc’s holdings in Arista Networks were worth $2,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC increased its position 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 buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $202,000. Bison Wealth LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at approximately $251,000. Sivia Capital Partners LLC lifted its holdings in Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in Arista Networks by 4.5% in the second quarter. Johnson Investment Counsel Inc. now owns 2,954 shares of the technology company’s stock worth $302,000 after acquiring an additional 127 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Q4 results beat expectations — Arista reported $0.82 EPS vs. $0.75 consensus and revenue of $2.49B vs. $2.38B consensus, with revenue up ~29% YoY and strong margins, giving investors concrete evidence of durable demand. Zacks: ANET Beats Q4
• Positive Sentiment: Management issued upbeat revenue guidance — the company guided Q1 revenue near $2.6B and forecasted full-year revenue above Street estimates, citing accelerating AI-driven data center demand; that outlook triggered sizable after-hours buying. Reuters: Arista forecasts upbeat revenue
• Positive Sentiment: Analyst support strengthened — Rosenblatt raised its price target and other upgrades/positive notes hit ahead of the print, reinforcing bullish sentiment and likely contributing to increased demand. Yahoo: Rosenblatt Raises PT
• Neutral Sentiment: Company commentary and call transcript provide color (Arista 2.0 momentum, network port milestones) that supports long-term thesis but contains execution details investors will parse on the conference call. Seeking Alpha: Q4 Call Transcript
• Neutral Sentiment: Unusually large options activity — traders bought tens of thousands of calls ahead of/around the print, which tends to amplify price moves and intraday volatility but is speculative in nature.
• Negative Sentiment: EPS guidance was not clearly provided (company released revenue guidance but the EPS line was left blank in the early update), leaving some earnings-forecast uncertainty that could lead to short-term volatility as analysts model margins and share buybacks.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANET. Morgan Stanley lowered their price target on Arista Networks from $171.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, December 17th. Piper Sandler raised shares of Arista Networks from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $145.00 to $159.00 in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Arista Networks in a research note on Monday, December 29th. Barclays restated an “overweight” rating and issued a $183.00 price objective (up from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Finally, Rosenblatt Securities lifted their target price on shares of Arista Networks from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.00.

Arista Networks Stock Down 3.5%

NYSE:ANET opened at $135.79 on Friday. The stock’s 50 day moving average price is $132.80 and its 200 day moving average price is $136.70. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The company has a market capitalization of $171.00 billion, a PE ratio of 51.63, a P/E/G ratio of 2.37 and a beta of 1.42.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.28% and a net margin of 39.73%.The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.16, for a total value of $3,694,800.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,598,124.16. This trade represents a 69.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $140.43, for a total value of $1,123,440.00. Following the sale, the director owned 9,784 shares of the company’s stock, valued at $1,373,967.12. This represents a 44.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 216,464 shares of company stock valued at $27,553,548 in the last quarter. 3.39% of the stock is currently owned by company insiders.

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.