D.A. Davidson & CO. Raises Stock Holdings in Arista Networks, Inc. $ANET

D.A. Davidson & CO. boosted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 18.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,473 shares of the technology company’s stock after buying an additional 4,465 shares during the quarter. D.A. Davidson & CO.’s holdings in Arista Networks were worth $3,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ANET. Sankala Group LLC bought a new stake in shares of Arista Networks in the fourth quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks in the 4th quarter worth approximately $28,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks during the fourth quarter valued at approximately $30,000. Hilton Head Capital Partners LLC raised its holdings in shares of Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after acquiring an additional 159 shares in the last quarter. Finally, NBT Bank N A NY lifted its stake in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares during the period. Institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction on Monday, June 15th. The stock was 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 directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. The trade was a 0.14% 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 a total of 2,786,844 shares of company stock worth $467,941,533 over the last ninety days. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $200.00 target price (up from $185.00) on shares of Arista Networks in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. TD Cowen reissued a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Monday, July 13th. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Arista Networks has an average rating of “Buy” and an average target price of $188.95.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $168.60 on Monday. The stock has a market capitalization of $212.30 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $106.99 and a 52-week high of $189.82. The company has a 50-day simple moving average of $161.75 and a two-hundred day simple moving average of $147.34.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

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.