Arista Networks, Inc. $ANET Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC decreased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 48.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,920 shares of the technology company’s stock after selling 4,676 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Arista Networks were worth $604,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup lowered their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Wolfe Research reissued an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Morgan Stanley restated an “overweight” rating and issued a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks presently has an average rating of “Buy” and an average target price of $187.63.

Arista Networks Price Performance

Shares of NYSE ANET opened at $170.20 on Wednesday. The stock’s 50-day moving average is $159.67 and its two-hundred day moving average is $143.32. Arista Networks, Inc. has a 1-year low of $97.14 and a 1-year high of $179.80. The company has a market cap of $214.31 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.61.

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. Equities research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $169.09, for a total value of $1,352,720.00. Following the completion of the transaction, the director owned 200,333 shares in the company, valued at $33,874,306.97. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the completion of the sale, the chief executive officer directly owned 9,917 shares in the company, valued at approximately $1,537,531.68. This represents a 58.20% 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 2,639,080 shares of company stock valued at $430,322,162 over the last quarter. Insiders own 2.70% of the company’s stock.

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.