Lafayette Investments Inc. Sells 4,675 Shares of Arista Networks, Inc. $ANET

Lafayette Investments Inc. lowered its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 17.6% in the 1st quarter, HoldingsChannel reports. The firm owned 21,946 shares of the technology company’s stock after selling 4,675 shares during the period. Lafayette Investments Inc.’s holdings in Arista Networks were worth $2,695,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Intrua Financial LLC boosted its holdings in shares of Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares in the last quarter. Hoxton Planning & Management LLC grew its position in shares of Arista Networks by 4.1% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after buying an additional 68 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after acquiring an additional 70 shares in the last quarter. United Asset Strategies Inc. increased its stake in shares of Arista Networks by 1.2% in the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after acquiring an additional 72 shares in the last quarter. Finally, Personal CFO Solutions LLC lifted its position in shares of Arista Networks by 3.2% during the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock valued at $318,000 after acquiring an additional 76 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Up 0.2%

Shares of ANET opened at $160.38 on Friday. Arista Networks, Inc. has a 12-month low of $100.33 and a 12-month high of $179.80. The business’s fifty day moving average is $159.07 and its 200 day moving average is $143.91. The stock has a market cap 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.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results 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 business had revenue of $2.71 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted $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 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ANET. Needham & Company LLC reissued a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price target (up from $178.00) on shares of Arista Networks in a research note on Thursday, June 18th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a report on Friday, May 15th. TD Cowen reissued a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $187.63.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their ownership of the stock. 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 company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,639,080 shares of company stock worth $430,322,162 over the last ninety days. Insiders own 2.70% of the company’s stock.

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.