Argos Wealth Advisors LLC Makes New $538,000 Investment in Arista Networks, Inc. $ANET

Argos Wealth Advisors LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, Holdings Channel reports. The fund purchased 4,108 shares of the technology company’s stock, valued at approximately $538,000.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC increased its holdings in Arista Networks by 33.0% in the third quarter. Global Trust Asset Management LLC now owns 19,273 shares of the technology company’s stock worth $2,808,000 after purchasing an additional 4,780 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in Arista Networks in the third quarter worth approximately $8,263,000. Lighthouse Financial Services Inc. ADV bought a new stake in Arista Networks in the fourth quarter worth approximately $1,549,000. National Wealth Management Group LLC bought a new stake in Arista Networks in the third quarter worth approximately $1,296,000. Finally, QRG Capital Management Inc. increased its holdings in Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after purchasing an additional 10,217 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 4.5%

Shares of Arista Networks stock opened at $142.60 on Wednesday. The company has a market capitalization of $179.56 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.67. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80. The stock has a fifty day simple moving average of $143.74 and a 200 day simple moving average of $137.75.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts predict that Arista Networks, Inc. will post 3.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ANET. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Truist Financial set a $175.00 price objective on Arista Networks in a report on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. UBS Group restated a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, KeyCorp restated an “overweight” rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $182.83.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $134.14, for a total value of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $1,740,600.64. This represents a 71.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,502,729 shares of company stock worth $246,707,719 in the last ninety days. Insiders own 3.54% of the company’s stock.

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.