Empirical Asset Management LLC Reduces Stock Holdings in Arista Networks, Inc. $ANET

Empirical Asset Management LLC lowered its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 29.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,372 shares of the technology company’s stock after selling 3,820 shares during the quarter. Empirical Asset Management LLC’s holdings in Arista Networks were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kelleher Financial Advisors purchased a new position in shares of Arista Networks in the 2nd quarter valued at $31,000. Sankala Group LLC acquired a new stake in Arista Networks during the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks in the fourth quarter valued at $28,000. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter valued at $26,000. Finally, Quarry LP acquired a new position in Arista Networks in the third quarter valued at $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $192.61 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The firm has a 50-day simple moving average of $175.81 and a 200-day simple moving average of $155.48. The company has a market capitalization of $242.93 billion, a price-to-earnings ratio of 60.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on ANET shares. Barclays reaffirmed an “overweight” rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $226.05.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the transaction, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their position. 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. In the last three months, insiders sold 4,334,197 shares of company stock worth $798,500,786. Corporate insiders own 2.70% of the company’s stock.

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.