SteelPeak Wealth LLC Sells 13,548 Shares of Arista Networks, Inc. $ANET

SteelPeak Wealth LLC lessened its holdings in Arista Networks, Inc. (NYSE:ANET) by 45.3% during the 1st quarter, Holdings Channel reports. The firm owned 16,380 shares of the technology company’s stock after selling 13,548 shares during the period. SteelPeak Wealth LLC’s holdings in Arista Networks were worth $2,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in Arista Networks in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter valued at about $28,000. Ameliora Wealth Management Ltd. acquired a new position in Arista Networks in the fourth quarter valued at about $30,000. Finally, Hilton Head Capital Partners LLC grew its position in shares of Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after buying an additional 159 shares during the period. 82.47% of the stock is owned by institutional investors.

Insider Transactions at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the sale, the director owned 192,333 shares in the company, valued at approximately $32,131,150.98. The trade was a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 234,578 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $187.18, for a total value of $43,908,310.04. Following the transaction, the chief executive officer directly owned 5,134,207 shares of the company’s stock, valued at approximately $961,020,866.26. This trade represents a 4.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,092,983 shares of company stock worth $519,161,650 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ANET has been the topic of a number of analyst reports. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research report on Friday, May 15th. UBS Group restated a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Arista Networks in a research note on Monday. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Rosenblatt Securities lifted their price target on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Buy” and a consensus price target of $188.95.

Arista Networks Trading Up 0.0%

ANET stock opened at $168.60 on Friday. The stock has a 50-day moving average price of $161.75 and a two-hundred day moving average price of $147.25. Arista Networks, Inc. has a 1 year low of $106.99 and a 1 year high of $189.82. The stock has a market cap of $212.30 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 2.60 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued 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 company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share 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.