Arista Networks, Inc. $ANET Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its holdings in Arista Networks, Inc. (NYSE:ANET) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,116 shares of the technology company’s stock after selling 4,760 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Arista Networks were worth $10,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANET. Norges Bank acquired a new position in Arista Networks in the fourth quarter valued at approximately $1,558,563,000. Arrowstreet Capital Limited Partnership boosted its holdings in Arista Networks by 82.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after purchasing an additional 4,332,659 shares in the last quarter. M&T Bank Corp boosted its holdings in Arista Networks by 3,182.7% in the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after purchasing an additional 3,890,146 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Arista Networks by 310.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock valued at $298,868,000 after purchasing an additional 1,724,758 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in Arista Networks in the fourth quarter valued at approximately $164,907,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Trading Up 7.2%

ANET stock opened at $170.91 on Tuesday. The business has a 50 day simple moving average of $148.22 and a 200-day simple moving average of $137.86. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The company has a market capitalization of $215.20 billion, a P/E ratio of 58.53, a PEG ratio of 2.46 and a beta of 1.67.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity

In related news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the completion of the sale, the chief financial officer directly owned 64,408 shares of the company’s stock, valued at $10,112,056. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 971 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $140.93, for a total value of $136,843.03. Following the sale, the director directly owned 9,784 shares of the company’s stock, valued at approximately $1,378,859.12. This represents a 9.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,935,142 shares of company stock valued at $313,589,223. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Susquehanna raised Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Finally, Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Arista Networks presently has an average rating of “Buy” and a consensus target price of $185.72.

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.