iA Global Asset Management Inc. Trims Stock Holdings in Arista Networks, Inc. $ANET

iA Global Asset Management Inc. trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 84.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,090 shares of the technology company’s stock after selling 22,315 shares during the period. iA Global Asset Management Inc.’s holdings in Arista Networks were worth $536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 70 shares during the last quarter. United Asset Strategies Inc. grew its stake in shares of Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock worth $827,000 after acquiring an additional 72 shares during the last quarter. West Family Investments Inc. grew its stake in shares of Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 76 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of Arista Networks by 3.2% in the fourth quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after acquiring an additional 76 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Arista Networks by 2.9% in the third quarter. Parkside Financial Bank & Trust now owns 2,731 shares of the technology company’s stock worth $398,000 after acquiring an additional 77 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. 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. Insiders have sold a total of 1,444,729 shares of company stock valued at $238,448,539 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $141.72 on Tuesday. The company has a market cap of $178.46 billion, a P/E ratio of 48.54, a PEG ratio of 2.18 and a beta of 1.67. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The stock’s fifty day moving average price is $144.62 and its 200-day moving average price is $137.40.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The firm 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%.The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior 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, sell-side analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. KeyCorp reissued an “overweight” rating and issued a $178.00 target price (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. TD Cowen reissued a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. UBS Group reissued a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Citigroup cut their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $181.84.

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.