Patten Group Inc. Takes $513,000 Position in Arista Networks, Inc. $ANET

Patten Group Inc. acquired a new position in Arista Networks, Inc. (NYSE:ANET) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,175 shares of the technology company’s stock, valued at approximately $513,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Knuff & Co LLC purchased a new stake in shares of Arista Networks in the 3rd quarter valued at $29,000. Board of the Pension Protection Fund acquired a new position in Arista Networks during the 4th quarter worth about $26,000. Sankala Group LLC purchased a new position in Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks during the 4th quarter valued at about $28,000. Finally, Quarry LP acquired a new position in Arista Networks in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ANET shares. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Finally, Truist Financial set a $175.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $187.63.

Arista Networks Price Performance

ANET stock opened at $160.38 on Friday. The firm has a market capitalization of $201.95 billion, a P/E ratio of 54.93, a P/E/G ratio of 2.47 and a beta of 1.60. The business’s 50-day moving average is $159.07 and its two-hundred day moving average is $143.91. Arista Networks, Inc. has a 1 year low of $100.33 and a 1 year high of $179.80.

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. 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 during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the business posted $0.65 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. 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 EPS for the current year.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the transaction, the insider owned 182,543,048 shares in the company, valued at $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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,639,080 shares of company stock valued at $430,322,162 in the last quarter. 2.70% of the stock is currently owned by company insiders.

About Arista Networks

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.