Arista Networks, Inc. $ANET Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 72.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,857 shares of the technology company’s stock after purchasing an additional 4,546 shares during the period. United Asset Strategies Inc.’s holdings in Arista Networks were worth $1,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Board of the Pension Protection Fund bought a new stake in Arista Networks during the fourth quarter worth approximately $26,000. Sankala Group LLC bought a new position in shares of Arista Networks in the fourth quarter valued at $27,000. Prosperity Bancshares Inc bought a new position in shares of Arista Networks in the fourth quarter valued at $28,000. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the 3rd quarter valued at $29,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Arista Networks during the 4th quarter worth $30,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

NYSE:ANET traded down $6.76 during trading hours on Tuesday, hitting $166.52. 2,523,540 shares of the company’s stock traded hands, compared to its average volume of 8,711,942. The stock’s fifty day moving average price is $159.07 and its two-hundred day moving average price is $144.04. The firm has a market cap of $209.68 billion, a P/E ratio of 57.02, a P/E/G ratio of 2.47 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $100.94 and a twelve month high of $179.80.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.62 billion. During the same period last year, the company 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. On average, equities research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total value of $1,336,480.00. Following the transaction, the director owned 192,333 shares in the company, valued at approximately $32,131,150.98. This represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was 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 owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. The trade was a 58.20% 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 2,907,080 shares of company stock valued at $474,355,842 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ANET shares. UBS Group reaffirmed a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. KeyCorp reiterated an “overweight” rating and issued a $200.00 price target (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. TD Cowen reissued a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities boosted their price objective on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Citigroup reduced their price objective on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $187.63.

About Arista Networks

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.