Allen Investment Management LLC Sells 3,842 Shares of Arista Networks, Inc. $ANET

Allen Investment Management LLC lessened its holdings in Arista Networks, Inc. (NYSE:ANET) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,996 shares of the technology company’s stock after selling 3,842 shares during the period. Allen Investment Management LLC’s holdings in Arista Networks were worth $7,366,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Main Street Group LTD acquired a new stake in shares of Arista Networks in the first quarter worth about $26,000. Sankala Group LLC bought a new position in shares of Arista Networks in the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new position in shares of Arista Networks in the 4th quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. acquired a new stake in Arista Networks in the 4th quarter worth approximately $30,000. Finally, Hilton Head Capital Partners LLC lifted its holdings in Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after purchasing an additional 159 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Down 0.0%

Shares of NYSE ANET opened at $168.60 on Monday. Arista Networks, Inc. has a 12 month low of $106.99 and a 12 month high of $189.82. The company has a market cap of $212.30 billion, a P/E ratio of 57.74, a P/E/G ratio of 2.59 and a beta of 1.60. The business’s 50 day moving average is $161.75 and its two-hundred day moving average is $147.34.

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, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ANET shares. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research note on Friday, May 15th. TD Cowen reaffirmed a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Arista Networks in a report on Monday, July 13th. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, KeyCorp reiterated an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $188.95.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade 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 2,786,844 shares of company stock valued at $467,941,533 in the last ninety days. 2.70% of the stock is owned by company insiders.

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.