Empowered Funds LLC Reduces Stock Holdings in Arista Networks, Inc. $ANET

Empowered Funds LLC cut its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 21.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 234,817 shares of the technology company’s stock after selling 64,750 shares during the period. Empowered Funds LLC’s holdings in Arista Networks were worth $28,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of Arista Networks during the first quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks in the fourth quarter valued at $28,000. Ameliora Wealth Management Ltd. acquired a new stake in Arista Networks during the 4th quarter valued at $30,000. Finally, Hilton Head Capital Partners LLC increased its stake in 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. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Down 2.0%

Shares of Arista Networks stock opened at $170.44 on Tuesday. The business has a 50-day moving average price of $165.52 and a 200 day moving average price of $149.04. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $189.82. The firm has a market cap of $214.62 billion, a P/E ratio of 58.37, a P/E/G ratio of 2.67 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the sale, the insider directly owned 182,043,048 shares of the company’s stock, valued at approximately $29,612,942,618.16. This represents a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total value of $2,971,222.86. Following the transaction, the insider owned 12,976 shares in the company, valued at $2,224,345.92. This trade represents a 57.19% 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. In the last quarter, insiders sold 2,264,983 shares of company stock valued at $376,175,065. 2.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ANET. Barclays reissued an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Bank of America lifted their price objective on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $189.74.

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.